Tesla Model 3 orders hit 400,000

Tesla Model 3 orders hit 400,000
By Euronews with Reuters
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Electric car maker Tesla says it has received almost 400,000 orders for its model 3 and boss Elon Musk said the level of interest had "surprised" even him.

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Electric car maker Tesla says it has received almost 400,000 orders for its latest car, the model 3.

Speaking at a conference in Norway, boss Elon Musk said the level of interest had “surprised” even him.

The car is due to go on sale late next year.

But the company has a history of delays and some analysts believe it could struggle to fill all the initial orders for the Model 3.

Tesla Motors priority is to “increase production plans to minimize the wait for Model 3” #Model3$TSLA#TeslaModel3pic.twitter.com/UPIdYHB1O7

— Tesla Model 3 News (@TeslaModel3News) April 9, 2016

Billed as Tesla’s affordable offering, the mass-market vehicle will sell, on average, for $42,000 (37,000 euros) in the US.

People ordering them have to put down a refundable $1,000 (880 euros) deposit.

Of those orders, 253,000 were placed in the first 36 hours after the car was unveiled.

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