It’s been a very, very good week for Tesla CEO Elon Musk.
Almost without more than a blink of an eye, Tesla’s received 276,000 pre-orders for its new Model 3 sedan that it took the wraps off last week at an invitation-only event. That amounts to more than $7 billion dollars in the first week of orders folks.
276k Model 3 orders by end of Sat
— Elon Musk (@elonmusk) April 3, 2016
The Model 3 is Tesla’s most important car ever since it’s designed to be more affordable with its base $35,000 price tag without tax incentives. Thus, the four-door truly is Tesla’s first mass marketable electric effort.
It’s a sedan-slash-hatchback with a huge tablet-like screen (think iPad Pro-like) in between the front seats. An all-glass roof stretches across the top giving you quite a view of the sky above.
Musk says the Model 3 will seat five adults in comfort and will offer a minimum range of 215 miles with 0-to-60 time under 6 seconds. It will be RWD, with dual motor AWD optional. Musk says even RWD “will have great traction on ice due to fast torque response of Tesla drivetrain.” We can also expect Tesla to offer faster versions of the Model 3 on higher trim levels.
The Model 3 will come standard with hardware for Tesla’s Autopilot system and the ability to use Tesla’s network of proprietary Superchargers. Musk also points out it’s one safe sedan – scoring 5 stars in all of the government’s crash safety testing categories.
Despite production delays on both the Model S and Model X, Musk says he’s pretty confident that Model 3 production will begin in 2017 as scheduled.