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Tesla Model 3 – 115,000 orders received in 24 hours

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While you might expect iPhones to sell like hotcakes, you wouldn’t say the same about cars, right? Apparently, that logic doesn’t apply to the Tesla Model 3. According to CarAdvice, Tesla Motors has managed to collect 115,000 pre-orders for the company’s latest electric model.

The Tesla Model 3 is said to be 20% smaller than the Model S, which puts it in the compact executive sedan crowd, where the BMW 3 Series, Mercedes-Benz C-Class and Audi A4 reside. No official prices have been disclosed but the Model 3 is expected to carry a price tag that starts at US$35,000 (RM136,600).

However, the Model 3 will feature an impressive kit list, with the Autopilot system available as standard, including autonomous steering, lane changing, braking and parking (with the Summon remote parking feature).

Tesla Model 3 screenshot-03

Tesla also claims the Model 3 will be able to sit five passengers “comfortably” – while having an all-electric range of at least 346 km on a single charge. No official performance figures or the car’s charging time were provided. Elon Musk, CEO of Tesla Motors, also stated that safety will not be compromised on the Model 3.

As each order (or booking) will cost buyers USD$1,000 (RM3,884), it may appear that Tesla will chalk up USD115 million (RM448,051,500) in the account books. Considering the Model 3 will not officially go on sale until the end of 2017, not every 115,000 buyer might follow through on his or her order and they may seek a refund on their order. Not that Musk is worried, as the current reservations continue counting upwards.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard's strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • -BigBalls- on Apr 01, 2016 at 3:46 pm

    It is also worth noting that US buyers will get back up to 7,500 USD as a result of federal tax credit from buying an EV car, which the Tesla is, making it affordable to the mass market

    meanwhile in Malaysia, only selected GLCs get to lease this car

    -BigBalls-

    Thumb up 17 Thumb down 2
    • Nope. Malaysia do have two Tesla brought in by the Malaysia Greentech Corporation, and was planned to lease for GLCs. But, now it is only using by the Ceo of Malaysia Greentech Corporation. I mean as his own car. Lease? Lease who?

      Thumb up 1 Thumb down 0
  • Awesome car! Amazing price!

    Interestingly, I think the amount of money poured into Tesla is perhaps less than the amount of money poured into our struggling Proton.. Something for Malaysians to ponder over on whether this whole national car project is of any worth…

    In just 10 years, Tesla has grown from nothing to a hugely respectable car company. Kudos!

    Thumb up 28 Thumb down 4
  • KennyFang on Apr 01, 2016 at 6:40 pm

    A range of 346km is pretty good. A typical petrol driven car driven on city roads may get 450km per tank.

    Thumb up 2 Thumb down 0
    • 345 is average or ideal? Have u read previous article on the test to north malaysia where the actual mileage is different to the projected mileage.

      Thumb up 0 Thumb down 0
  • Tong Sampah on Apr 01, 2016 at 7:27 pm

    outsold proton last year booking in 24 hours…and price is assume similar to the going to launch soon Perdana..

    RM130K Perdana or Tesla 3 same value.

    of course we know when arrive Malaysia will be RM350K with NAP..

    pity us..

    Thumb up 12 Thumb down 2
  • B-Unggul on Apr 01, 2016 at 8:01 pm

    From behind, looks like Preve.

    Thumb up 1 Thumb down 4
  • bukapintubayartol on Apr 02, 2016 at 3:20 am

    Elon Musk just tweeted that Tesla have recieved 198k orders so far.

    Thumb up 2 Thumb down 0
  • Good for Tesla and hopefully the environment too. Tesla has given a boost to the planet’s motoring masses yearning for something that would be environmentally sustainable in the future. First steps!!

    Thumb up 1 Thumb down 0
 

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