Tesla Model 3 Models Sold at an Average of $42,000 to 250k Buyers

While the pricing of the base model is still at $35,000 according to Elon Musk, CEO of Tesla, customers weren’t happy with just the basics.

Instead, many of them choose to use the customization options offered by the company.

Tesla Model 3 Rumour

According to a Twitter post by Musk, it is known that the average cost of a Model 3 sold by Tesla is $42,000. It is based on the number of orders received which is now pegged at an amazing 250k since its reveal on March 31st. Tweeting the news, Musk commented that based on the interest shown by buyers, it is evident that electric cars have an amazing and bright future. Besides, he is delighted that people went for custom options rather than going for the base model.

Another surprising news is that a lot of customers stood in line at the store waiting to pre-order their electric car. They stood in lines even before the official announcement was made public. No one had an idea of how the car would actually look but that didn’t stop them from buying it. A sum of $1,000 has to be paid to reserve the model and deliveries will be done on a first come first serve basis. Priority will be given to those who already own a Model S or the Model X SUV. It allows Tesla to retain its existing customers.

While people have paid a thousand dollars to reserve the car, they actually committed for the full price of the Model 3 when deliveries begin. Elon Musk confirmed that his company Tesla made a business pegged at a mammoth $7.5 billion in just one day as soon as pre-orders were opened. The future definitely looks bright not just for the automobile manufacturer but dozens of other companies who are working to launch EVs of their own.

After launching the expensive Model S sedan and the Model X, Tesla is now on the Model 3. It is supposed to be a cheap electric car with an approximate range of 215 miles and is capable of touching 0 to 60 miles per hour in just 6 seconds. A 5-star safety rating is provided for this futuristic car which uses an all-wheel drive system and has autopilot hardware.

Tesla Model 3

With such numbers, Tesla has to fulfill deliveries of over 250,000 customers which is not an easy task. Production begins in 2017 and people can expect the model to be rolled out in 2018 or 2019. The company took over three years to deliver Model S but things have changed with better investment and they are confident that there won’t be such delays this time around.