Tesla Model 3 Preorders Are Already In The Hundreds Of Thousands

More than 190,000 people preordered Tesla's Model 3 in 24 hours. It will be the company's most affordable car to date.
SMS

Say hello to Tesla's Model 3.

CEO Elon Musk gave his new vehicle the movie-trailer treatment at its unveiling Thursday night at the company's design facility in Hawthorne, California.

This is the car at least hundreds of thousands of people have been waiting for; we say that because hundreds of thousands of people have preordered the car since its unveiling.

The Model 3 looks kinda like Tesla's Model S, besides the grill-less front-end and glass roof. It doesn't have the longest range-per-charge or the fastest zero-to-60 time, but there's one thing about the Model 3 that has some people in a tizzy: the price.

At $35,000 before incentives, the Model 3 the least expensive of the bunch, by a lot.

Musk says everything has been building to this.

"The revenue from the S and the X is what's needed to develop the Model 3. ... The final step in the master plan, which is a mass-market, affordable car. It was only possible to do that after going through the prior steps," Musk said.

With that sort of statement, you could argue there's a lot riding on this car. Tesla has struggled to turn a profit in its 13-year history, and a high volume of affordable cars could be the solution.

Unfortunately, Tesla fans still have a long wait for the Model 3. The company expects to start delivering the cars in late 2017.

This video includes clips from Tesla Motors and images from Getty Images.

Featured Stories
Lieutenant General H.R. McMaster

Lt. Gen. H.R. McMaster Is Trump's New National Security Adviser

M1/A1 Abrahams tanks.

The World Hasn't Moved This Many Weapons Since The End Of The Cold War

Bao Bao the giant panda

Are Conservation Efforts Really Saving Pandas?

Now Watching
Tesla Model 3 Preorders Are Already In The Hundreds Of Thousands
Want to see more stories like this?
Like Newsy on Facebook for More Auto Coverage