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Tesla Model 3 updates: 276K reservations through Saturday; a few tech details

During an impromptu Twitter AMA (Ask Me Anything) session over the weekend, Elon Musk, Tesla’s Chairman, CEO, chief evangelist and one-man marketing dynamo tweeted that Model 3 reservations were up to 276,000 by the end of Saturday. Musk said he would post another update on Wednesday.

Musk also said that Tesla had expected reservations to be ¼ to ½ of what actually occurred; “No one at Tesla thought it would be this high before Part 2 of the unveil.

Other snippets:

  • Model 3 is RWD, with dual motor AWD optional; torque is shifted between front and rear motors every ~0.1 s. The reveal cars were AWD, but the production AWD will be a lot faster, according to Musk.

  • Edge and contour refinement ongoing; Tesla hoping for Cd of 0.21.

  • There will be an optional tow hitch.

  • Tesla will begin initial deliveries to owners close to the factory regardless of time of reservation to be able to have rapid turnaround on early issues. However, within a given geography, ordering earlier gives priority.


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The Cd of the 2016 Prius is 0.24. So only 0.21 for an infinitely better looking car is fantastic. I also bet the Model 3 will have significantly higher miles per kwh than GM’s Bolt. I used to think the Model 3 will have a 60kwh battery in the base version but I now think it could be 55 kwh and still do min 215 epa tested miles for range. I think Tesla will get at least 500,000 preorders after the final reveal and production launch of Model 3. They could get over a million as this car is much better even in the base version than BMW’s 3 series also starting at 35k USD. With over 500,000 million preorders at launch or over 20 billion USD in average preorder value you can bet that Tesla will be in a good position to issue more equity so that they can start constructing another 50Gwh battery factory and another 500k vehicle factory by early 2018. I hope Europe will get it. Maybe Germany but could also be a former east country like Poland or Czech Republic. For Tesla to keep growing at 50% they must develop that self-driving taxi and launch this service before everybody else. However, Musk is well aware of that I am sure.


"Optional tow hitch" meaning hitch receiver for the car to tow things, or tow bar so the car can be towed on its wheels?  I hate ambiguous statements like this.

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