Tesla Model 3 latest reservation count: 518k gross, 455k net after cancellations

Discussion in 'Model 3' started by gene, Aug 2, 2017.

  1. gene

    gene Moderator

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    #1 gene, Aug 2, 2017
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    The latest Tesla Model 3 reservation count pegs the number at 518,000 gross reservations and 455,000 units after cancellations. The latest number was confirmed by Tesla CEO Elon Musk during Wednesday’s questions and answers portion of the company’s 2017 second quarter earnings call.

    Musk noted that the net 455,000 Model 3 reservations occurred over the course of the year and includes Model 3 cancellations. Tesla’s mass market sedan has continued to see net gains of roughly 1,800 Model 3 reservations being placed per day since last Friday’s Delivery Event.

    Up until the delivery event, rumors of Model 3 reservation counts exceeding 400,000 remained largely unconfirmed by the Silicon Valley-based electric car maker. Today’s announcement of 518,000 gross Model 3 reservations is inline with Musk’s “zero concern” that the company will be able to hit a production rate of 10,000 cars per week by the end of 2018.

    As Tesla continues to build out Model 3’s production line at the company’s Fremont, California factory, actual vehicle production will follow a S-curve wherein a quick ramp up in production is followed by steady-state. This is then followed by another exponential ramp up in production.

    Tesla unveiled over 30 production Model 3 vehicles on July 28 at its Delivery Event. The company expects to reach a production rate of roughly 5,000 vehicles per week by the end of the year.

    Article: Tesla Model 3 latest reservation count: 518k gross, 455k net after cancellations
     
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  2. Michael Russo

    Michael Russo Moderator

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    That gross number is actually somewhat less than I anticipated - I would not be surprised if the true number is actually a little higher (by 10% of more) yet T≡SLA prefers to underquote in order to discourage those who's still have to wait as much at 2+ years from now... ;)
     
  3. vincent wolf

    vincent wolf Member

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    Tesla's future is assured. Detroit's is not. Hopefully Tesla will push a dagger into the heart of Detroit by announcing good details of it's upcoming pickup truck. Nothing will scare Detroit like treading on it's cash cow (2.2 million new trucks a year).
     
  4. ZBay

    ZBay New Member

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    Wouldn't a lower number actually encourage reservation holders? Let's exaggerate, for point of illustration. If Elon said that only 10,000 reservations were still open, wouldn't the actual reservation holder think that they were getting their car much sooner than expected?
    When others have commented about cancelling their reservation, you have often said that you were glad because you'd get your M 3 that much sooner.
     

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