Tesla Model 3 – 63,000 orders cancelled, still OK: CEO

Tesla Model 3 – 63,000 orders cancelled, still OK: CEO

Approximately 63,000 would-be buyers have cancelled their orders for the Tesla Model 3, company CEO Elon Musk revealed during a quarterly earnings report, according to Fortune. This sees the order total fall from 518,000 to 455,000, but that will not hurt the US-based electric car maker too much – it has averaged around 1,800 new reservations for the Model 3 every day since last week.

The company can increase reservations for the Model 3 with little effort, but that won’t serve the company well, Musk said. “It’s like if you’re a restaurant and you’re serving hamburgers and there’s like an hour-and-a-half wait for hamburgers — do you really want to encourage more people to order more hamburgers?” he said.

A performance version of the smallest Tesla yet is due to surface next year, though the company’s efforts for the Model 3 are currently focused on delivering the cars. “Focus now is on getting out of Model 3 production hell. More versions = deeper in hell,” Musk stated via Twitter.

The Tesla Model 3 starts from US$35,000 (RM149,800), netting the buyer a fully electric car with a range of 354 km, with a 0-100 km/h time of 5.6 seconds and a top speed of 209 km/h. An extra US$9,000 (RM38,500) buys a long-range model which can stretch to 499 km, do 0-100 km/h in 5.1 seconds and top out at 225 km/h.

Charging will cost the Model 3 buyer in the US, whereas Model S and Model X owners have the first 400 kWh per year free of charge.

GALLERY: Tesla Model 3

Looking to sell your car? Sell it with Carro.

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • Damon on Aug 07, 2017 at 11:19 am

    Where got the Model 3 is the smallest Tesla yet? Didn’t know the tiny Roadster was bigger than this.

    Like or Dislike: Thumb up 7 Thumb down 0
  • Come Malaysia selling 600k. Ohwai

    Like or Dislike: Thumb up 4 Thumb down 2
  • I’d buy one if i could afford it lol. the Nissan Leaf is a good alternative.

    Like or Dislike: Thumb up 0 Thumb down 0
 

Add a comment

required

required