Tesla Model 3 Reached 400,000 Preorders

Tesla CEO Elon Musk revealed this morning that the company has received almost 400,000 preorders for its new Model 3 sedan. Musk unveiled the Model 3 earlier this month to much interest, and 325,000 preorders after just a week. "We are now almost at 400,000 orders for the Model 3," Musk told a Norwegian conference this morning, according to Reuters. Interest in the Model 3 has been impressive, and "surprised even us" said Musk.

Also Read : Tesla Model E Ranges Speed Over 215 Miles

Hundreds of Tesla fans lined up outside dealerships before the car was even officially unveiled, and Tesla received more than twice the Model 3 preorders it expected. Tesla's Model 3 is set for release in 2017, priced starting at $35,000 with at least 215 miles of range. The huge amount of preorders could cause availability issues next year, and Musk also expects the Model 3 to reach 500,000 preorders before more details about the car are revealed later this year.

Watch Highlight of Tesla Model E Launch Event Here