Tesla Model 3 gaining more orders than expected, 325,000 units and counting

Article by Andrew Christian, on April 7, 2016

Tesla’s newest addition to its roster of powerful sedans, the Model 3, has accomplished some amazing feats even before it is released. The Model 3 is set for production in the middle of 2017 but avid Tesla fans have already been making their reservations, keen to be among the first to own Tesla’s newest electric car.

And it’s not just a couple of reservations but a whopping 325,000 units in less than a week. The Tesla Model 3 was unveiled just this month and has been gaining a lot of popularity ever since. Price is set at $35,000 per unit (not including government incentives). The Model 3 is out to set the bar for revolutionary electric cars.

There has been a scarcity of details released for the Model 3 YET, but CEO Elon Musk has been dropping hints. The Model 3 will be a rear-wheel drive but it will come with an optional dual motor all-wheel-drive system. According to Tesla’s very own Elon Musk, the Model 3 will have a futuristic feel especially because of its steering controls and system.

It also has the ability to accelerate from 0 to 60 mph in less than 6.0 seconds and reach a single-charge range of 215 miles. The 5-seater Model 3 is expected to have a very spacious cabin that can fit two child seats in the back. It is designed with a large trunk as well as a “frunk” – so instead of the usual engine, the front end of the vehicle can be used for storage.

The Tesla Supercharging network is also incorporated in the Model 3 and will be a standard to make longer road trips possible. In terms of safety, the Model 3 is also equipped with the necessary safety system. The Model 3 is said to have a five-star crash rating similar to that of the Model S and X. A collision prevention system will also be installed in the Model 3 as a standard safety feature.

The Model 3 is estimated to be about 20% smaller than the Model S and costs half as much as its predecessor. According to Tesla, the Model 3 will also come in both sedan and crossover variants. There are plans to develop new models, which makes it all the more enticing for fans. Tesla is expected to produce 500,000 vehicles annually by 2020, according to CEO Elon Musk.

Even before its release, the Model 3 has already been attracting a lot of attention, all the more after Elon Muskhas announced that the first reservation in each of Tesla’s worldwide outlets will have their Model 3 delivered without extra charges.

Reservation fee is at $1,000. With just under a week after the unveiling, the Model 3 has taken more than $11 billion in reservations alone. Without having enough knowledge with its specs and functions, the Model 3 is much more of a mystery car than Scooby Doo’s very own Mystery Machine.

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