Tesla unveils more affordable Model 3 with 198,000 preorders now on queue

Tesla Motors took the wraps off its anticipated Model 3 sedan. The most affordable Tesla in the market with an estimated price of US $35,000 (before government incentives), the Model 3 features 215 miles of range on a full battery charge, zero to 60 mph acceleration of six seconds, autopilot safety features and is expected to ship in late 2017.

The Model 3 has reportedly recieved 180,000 preorders in the first 24 hours of being offered, interested buyers can deposit US $1,000.00 to get on the list, which the company has worked out to around $7.5 billion, which is possibly the biggest presale for any electric vehicle to date.

180,000 cars is a huge step up from the 50,580 cars total in 2016. Tesla will need to ramp up its production capacity to meet demand. 

Source: Autoblog