Tesla Model 3 Preorders Settle In At 373,000 After 12,200 Cancel Orders

Tesla Motors Inc. now holds about 373,000 reservations for the Model 3 electric car due late next year following customer cancellations of about 8,000 cars and 4,200 duplicates canceled by the company.

The numbers were reported as part of a Tesla filing to raise $1.4 billion in a share offering to pay for the accelerated launch of the car.

Company executives had previously indicated reservations totaling about 400,000, without giving an absolute number.

MDarringer - 5/19/2016 8:43:19 AM

-1 Boost

Those 12,000 all decided to buy TVRs given that the new TVR is infinitely more likely to come to market.

TomM - 5/19/2016 9:14:39 AM

+3 Boost

If you can get a new TVR for about $35,000 - get two - I will buy the second one from you

MDarringer - 5/19/2016 7:28:15 PM

-1 Boost

@TomM I was being purposefully absurd. Getting a decent TVR for $35K is easy if you're OK with a Tasmin, S Series, Chimaera, or a Tamora. If you want a Tuscan or Sagaris multiply that by 2-3X. The new "Griffith" is whispered to be in the $80-90K range for its base.

JRobUSC - 5/19/2016 12:10:28 PM

+1 Boost

Thanks for the $373 million interest free loan, suckers!

Sincerely,

Elon Musk

jameswisrik - 5/19/2016 5:12:31 PM

0 Boost

BTW...YOUR TESLA WILL CATCH ON FIRE AND KILL YOU BEFORE I NEED TO PAY YOU BACK. OR PLAN B..APPLY FOR TARP AGAIN. IF CHRYSLER AND GM CAN DO IT MULTIPLE TIMES W/O PAYING BACK...WHY CAN'T I.

MUSK

mpls - 5/19/2016 7:02:30 PM

+1 Boost

Those 12.2K smart cookie...

HenryN - 5/19/2016 7:55:59 PM

+2 Boost

Yeah they are really smart speculators. Took several weeks to realize they can't flip it when the time comes.