Tesla Model 3 Reservations Up To 325,000 One Week After Reveal

This morning Tesla Motors tweeted 325,000 Model 3 pre-orders are now in.

It was one week ago that the carmaker showed the world its $35,000 EV slated for first deliveries at the end of 2017, and the rate of pre-orders has been astounding.

The carmaker had begun opening the reservation process up to Tesla employees and certain others affiliated with Elon Musk’s companies prior to last Thursday’s reveal, and by the time of the event that night, the tally was 115,000.

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Some reports have said the pre-orders essentially constitute profits, or expected future profits, but of course the pre-orders are not yet sales.

One of the propagators of this notion has been Tesla’s chief executive himself, who in the process of a tweet dislosed what he expects the average selling price for Model 3 will be with options: about $42,000.

“Model 3 orders at 180,000 in 24 hours,” said Musk via Twitter. “Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!”

Open questions include how many intenders who’ve plunked down $1,000 to reserve a Model 3 might decide not to go through with it and back out, and also anyone’s guess is whether a few might be converted to Model S or Model X sales for some reason.

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The deposits are being given after CEO Elon Musk anticipated a likely delivery time of late 2017, but he did hedge that statement.

Questions also remain as to how the automaker can finalize the vehicle and make it ready for production, and then speedily ramp up production capability with quality control intact. Tesla has a track record of not making deadlines, so this too is a concern.

Musk tweeted last week that the company is reviewing its production processes and clear is it knows its work is cut out for it.

Meanwhile the number of those in line now exceed the biggest U.S. sales year for a single EV by 10 times.

In 2014, Nissan delivered 30,200 Leafs to the U.S. and now Tesla is looking to explode the global market just a few years later.

Image source: Tesla via Twitter.