Tesla Releases Details On Reserving Your Model 3

1 year ago by Eric Loveday 121

Tesla Model 3 Invite

Tesla Model 3 Invite

Along with the excitement and anticipation for Model 3, we know everyone has a few questions. Here are the details so that you know what to expect both on March 31st when reservations open and in the months ahead before you take delivery of your Model 3.

Reservations for Model 3 begin on March 31st worldwide. Reservation amounts in each currency can be found here. There are two ways to make a reservation. The first, which will allow you to get a better spot in the queue, is to visit your local Tesla store when it opens on March 31st. Find your closest Tesla store here. The second is to make a reservation online at Tesla.com when the live unveil starts at 8:30pm PT.

In order to be as fair as possible, there will be a different queue for each region. And as a thank you to our current owners, existing customers will get priority in each region, meaning that the fastest way to own a Model 3 is to own a Model S or Model X.

Model 3 production is scheduled to begin in late 2017. When production begins, we will begin deliveries in North America starting on the West Coast, moving east. As we continue to ramp production, we will begin deliveries in Europe, APAC and right-hand drive markets. It is not possible to ship to all regions simultaneously because regulators in each part of the world have slightly different production requirements. Staggering deliveries in this way also allows us to provide the best possible customer experience.

We recognize that everyone wants to get their Model 3 as quickly as possible. Our overarching goal is to maximize total customer happiness within the bounds of what is physically possible.

Tune in to the Model 3 unveil on March 31st at 8:30pm PT on Tesla.com. We can’t wait to show you what we’ve been working on.

Tesla stated reservation amounts by country:

The cost of a reservation is approximately $1,000 USD. Please see the table below for the amount in your local currency. Note that the reservation payment is fully refundable if you cancel your reservation. If you wish, you can apply your reservation payment toward a new Model S or Model X at any time.

Currency Amount
USD $ 1,000
CAD $ 1,000
MXN $ 20,000
EUR € 1.000
DKK kr. 10.000
GBP £ 1,000
NOK kr. 10.000
CHF CHF 1’000
SEK 10.000 kr
AUD $ 1,500
RMB ¥ 8,000
HKD $ 10,000
JPY ¥ 150,000

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121 responses to "Tesla Releases Details On Reserving Your Model 3"

  1. Nick says:

    Awesome!

    Getting close now.

    1. miggy says:

      Yes it is great if Tesla sells in the country that you live otherwise it is very sad.
      Long time waiting for the model 3 and the Bolt.

  2. kdawg says:

    I’m wondering what the delivery would be for someone in New York making a deposit online who doesn’t currently own a Tesla. Are we looking at 2019?

    1. Josh says:

      It will depend more on the configuration, than anything else (based on previous releases).

      1. Jerico says:

        In this case, it is clearly stated that Model S/X owners will get their Model 3 faster than non-owners so it seems in this case that the ownership will have priority over configuration. If a non-owner from NY gets it on 2019, a non-owner from Eastern Europe that orders a basic model will get it on 2025.

        1. Josh says:

          No, it says current owners will get priority, but they will still need to order the configs that get released first, presumably higher configs.

          i.e. NY non owner purchasing a loaded early config will get a Model 3 before a current Model S owner gets a base config in SF.

          1. pjwood1 says:

            +1 Judging from the Model X ordering, where some fully configured cars are Feb ’16 order / March ’16 delivery, configuration underlies when you’ll get your car. Check the delivery forum, on TMC. Model S was the same way.

            1. kdawg says:

              So basically, if you want your car sooner, order the loaded version.

              1. Priusmaniac says:

                Buy a CPO Model S, order in SF a fully loaded Model 3, sell CPO Model S to pay Model 3 looks like an optimized scenario.

                1. Michael Will says:

                  +1 because you get to drive an awesome car while you wait

                  1. kdawg says:

                    I would never spend that much on a car. Or pay sales taxes twice. I may put a deposit down on a Model 3, but I’m no hurry really. My 2013 Volt only has 35K miles and runs like new. I was just more curious of what realistic timing is for the majority of Americans.

                    1. Dragon says:

                      I guarantee nobody can answer that question, not even Tesla. No idea how many reservations will be made, how fast they can scale production, or if Model 3 will even be ready when they hope in late 2017.

                    2. Ryan H says:

                      You don’t pay sales tax twice. When you trade in a vehicle you only pay sales tax on the sales price of the new vehicle LESS the trade in of the old vehicle (on which you already paid the sales tax). Unless this is different in some states (then people are getting screwed lol)?

                    3. kdawg says:

                      On the sales tax; I buy a Model S for $60K and pay $3,600 in tax.
                      I then sell that car for $40k to some other person.
                      Now I use that money to buy buy a Model 3 for $40k, and pay $2,400 in tax.
                      So I’m paying sales tax twice.

                    4. RexxSee says:

                      Buy it 50k and resell it 55K 😉

                    5. pjwood1 says:

                      kdawg, You have a point about finding a Model S for less than “60k”. It looks like they are getting away from website sales below that price.

                      IMO, the company is too busy to “cut bait” with older cars (like 2012 is old?), or non-CPOs. Way too much going on. Their getting comfortable with wholesalers has become a necessity.

                      I may also use 3/31 as a “crowd funding” opportunity.

                    6. Priusmaniac says:

                      Where there is a will there is a way.

                      Buy a salvage Model S for 2100$, order Model 3, sell back salvage Model S.

                      https://erepairables.com/salvage-cars-auction/tesla

      2. bacardi says:

        Musk said the opposite in that there will not be any signature models and that the X had delays in part to needing to deliver the more complex features…Said in hindsight should have delivered the base than as production ramps up, increase the features…

        Also, since they’re allowing preorders before the reveal, you’re probably just preordering the car without any selectable option at this point since I’m sure they do not want any details including battery choices or trims revealed before launch…Who knows, perhaps after the reveal you can go back and configure some trims/batteries…

        1. Pushmi-Pullyu says:

          Musk said… in hindsight should have delivered the base [Model X] than as production ramps up, increase the features…”

          Seriously, Musk said that? That’s exactly the opposite of what Tesla did with the Model S and Model X launches. In both cases, they started production exclusively with the highest trim levels.

          May we please have a citation?

          1. TomArt says:

            The commenter just might have been remembering incorrectly. Musk did say that he wished that they didn’t try to pack so many new features into the Model X in order to minimize the delay to launch. Apparently, the X has much more than just falcon wing doors and a panorama windshield that were considered cool and ground-breaking…

    2. koz says:

      Given Tesla’s history and where we are in proximity to the planned production start, best guess is mid to late 2018 but YMMV for sure. Only so many people will make it to the reveal and stores before online reservations begin. US delivers first but west coast start. My concern is getting one before the FED tax credit starts to wane. I’m guessing there will be about 40,000-50,000 left for Tesla come the start of 2018 before the credit start to fade after US 200,000(?).

      1. Pushmi-Pullyu says:

        I’m guessing mid-2018 for actual start of Model ≡ production, too.

        Here’s hoping Tesla proves us wrong, and actually delivers on time for once!

        1. Brian Rose says:

          The purpose of the Model 3 is fundamentally different than the purpose of the S/X.

          There have been numerous statements about the manufacturing and engineering of the Model 3 being based on ease of production and rapid production ramping.

          The timing of the Model 3 MUST coincide with the completion of Stage 1 of the Gigafactory. Otherwise, you have massive battery production capabilities and nothing to do with it.

          Not to mention that they’ve been working on the Model 3 since they started working on the Model X. The entire design phase has had many more years of planning than most people appreciate.

          The engineering of the Model S and Model X were like building a Ferrari – intentionally complicated and low volume. The engineering of the Model 3 is like building a Corolla – intentionally simple for mass production.

          TL;DR The Model 3 is fundamentally a different vehicle, and ease of production has been the central goal since day 1 – unlike the Model S and X that, due to their market segment, were centrally designed with difficult engineering and revolutionary features.

  3. pk says:

    $1000 CDN for us Canadians. Awesome!!!

    1. manbitesgas says:

      That just means more to pay afterwards with our increasingly worthless petro-caribous… :oP

    2. evcarnut says:

      They should Sell us Canadians the car @ par! l o l …Now that would be SUPER AWESOME!! just dreaming …, unless our dollar goes above the $ USD $$ like it did few yrs back…

    3. R.S. says:

      Compared to Europe’s 1000€ and especially Britain’s 1000£ you got away lucky! Especially if you consider the loss because of interest.

    4. RexxSee says:

      +1 The exchange rate is really bad right now $1,300

  4. alain says:

    two years min wait to get hands on one ,they say 90% of the pleasure you get from something is the wait for it .it going to be a long two years!

    1. Eric says:

      I could really do with some pleasure in the coming two, three years, so I’ll probably be dropping off a deposit at the Tesla store around the corner next week.

  5. Benz says:

    $1,000 is a very decent amount as a deposit for a reservation of a Tesla Model 3.

    I expect a lot of reservations on March 31st 2016 and in April 2016, and many more thereafter. It will be amazing.

  6. Josh says:

    After rereading the post, it sounds like you can use any currency you want. If you are looking to save a little $$$, just bring CDN in to reserve (especially for those in EU) 😉

    1. Josh says:

      Never mind, the link clears it up, “Please see the table below for the amount in your local currency.”

      1. Jay Cole says:

        I’ll import in a currency table to the story just to make it a bit easier, (=

  7. bro1999 says:

    It’s funny…the closest Tesla “store” to me is actually just a temporary mall stand with a demo Model S parked in the middle of one of the mall corridors manned be a couple of Tesla employees. Random people walking past the Tesla stand that day will probably go “Why are all these people lined up behind a display car??”

    1. kdawg says:

      I’d have to drive to a different state to reach a Tesla store. #puremichigan

      1. Kacey Green says:

        Me too, South Carolina leaves you with GA or NC

  8. Anon says:

    *SQUEEEEEeeeee!!!*

  9. Ocean Railroader says:

    The Tesla Model 3 is turning into the nine mile Tunnel that the James River and Kanawha Canal tried to build to reach the Kanawha River in the 1850’s. In that the canal company kept talking about but most of the time they where talking about it they kept on trying to delay and delay it due to them not being able to build it.

    1. Tim says:

      Except it’s nothing like that at all.

      1. Anon says:

        I think he’s confused. This isn’t the Elio…

        1. ffbj says:

          Here, in the technical vastness of the future, we can certainly say, that the past was very different.
          Firesign Theatre:
          “I think we’re all Bozos on this Bus.”

  10. SparkEV says:

    It will be really funny if they take more than 30,000 reservations. That’ll pretty much blow Bolt out of the water even before either hits production. It’s so tempting, but I’m going to be patient.

    1. s says:

      30000 reservations should be easy. They’ve already opened up reservations for Tesla employees, and the chatter is that those will be at least 5000. Then assume that 20% of the 100k+ current Model S/X owners reserve a Model 3, and you got your 30000 even without bringing any new customers (like me).

      My bet is 150,000 reservations by the time they report Q1 earnings in early May.

      1. Sammy says:

        Love the numbers.

    2. Breezy says:

      Reservations aren’t equivalent to sales. It will probably be sometime in 2019 before actual Model 3 sales catch up to Bolt sales.

      Still, I’m betting 50,000 reservations in the first week.

      It won’t go up to the hundreds of thousands like some people are expecting. The higher the reservation number, the less your motivation to reserve. Especially when there already so many ways to jump the queue. Witness the people who reserved a month ago getting their Model X delivered before those who reserved years ago.

      1. floydboy says:

        Proof?

        1. scott franco says:

          Proof? We don’t gotta show you no steekin’ proof!

          1. floydboy says:

            LOL!

        2. Breezy says:

          Go to Tesla Motors Club. Read stories of people getting highly-optioned Model Xs delivered in within weeks of placing a reservation.

    3. bro1999 says:

      I might actually plop down a reservation on a Model 3 (just because), but that’s not stopping me from picking up a Bolt later this year, hopefully.

      Base-level Bolts will be in some customer hands this year….base Model 3’s? Eh…..late 2018…maybe?

      1. Pushmi-Pullyu says:

        My guess is you won’t see a base Model ≡ before 2019.

        But here’s hoping Tesla proves me wrong, and gets the car into production earlier than I think… and ramps up faster than I expect.

    4. There will easily be 300000-400000 fake reservations from the large stock holders. Just make the maths.
      If someone owns Tesla shares currently worth 1 billion $ and he just spend 10% of it for fake reservations, that are 100000, the news will push up the stock by 40-60% and he makes big profits.

      1. Bonaire says:

        That’s why the reservation really should be non-refundable. To keep those guys out.

        1. wavelet says:

          The can’t be non-refundable, unless Tesla shows driveable preproduction cars and gives full specs (at the level you can see on the Chevy website for the bolt). Read the current reservation agreement for the X here.
          /files/blog_attachments/v20121216-model_x_reservation_agreement-eu_english-pdf_0.pdf
          The one for the 3 will likely be identical.

          Note the language on the Model X reservation contract here:

          “This Agreement does not constitute an agreement for the sale of a Model X and does not lock in pricing, a production slot, or an estimated delivery date. You are under no obligation to purchase a Model X from us, and we are under no obligation to supply you with a Model X or any other vehicle. If and when we notify you of the availability of a Model X and you wish to proceed with the purchase of a Model X, such sale and purchase will be governed by a separate and legally binding Purchase Agreement between you and us or between you and another Tesla subsidiary (Tesla).”
          This isn’t the same as a preorder at Amazon, when they allow you to order a new product that is fully defined (including price and availability date!), production samples have been publicly reviewed, but Amazon doesn’t yet have it in stock. Very different.

          If it were non-refundable, legally Tesla would have to give something of value in return. As it is, they’re not committing to anything at all, including that reserving will give one any particular place in the queue.

      2. ffbj says:

        Irrelevant.

      3. Pushmi-Pullyu says:

        *snort*

        It’s really amusing to see a TSLA short-seller like Counter-Strike Cat publicly worry about such a thing… or at least, pretend to worry. Honestly, what investor would spend his money so foolishly? You’d get a better return on your investment simply by using that same money to buy more TSLA stock.

        And frankly, “Cat”, who other than you TSLA short-sellers would care if that happens or not?

    5. All-Purpose Guru says:

      Of course, that’s the *real* plan.

    6. JeremyK says:

      Reservations mean nothing without those reservations actually turning into sales, and BTW, Tesla actually has to churn out all those orders. How many Model X have been produced so far?

      I predict it will be 2019 before Tesla has produced 30K Model 3s. By then, many potential buyers will have moved on and there will be many more 200+ mile BEVs to choose from. Heck, the Bolt will probably have already undergone a price cut and design improvements by then.

  11. bacardi says:

    What sucks is 3/31 is a Thursday…

    So for the majority of us who will need to take vacation time for Thursday morning, as a non-Tesla owner, will my in person order be higher or lower in a queue to a Tesla-Owner who preorders online on 4/1?

    When in the store is there a process for those who just want to preorder and leave as soon as possible (like Kiosks) or is every person forced to order to wait and order through a salesman?

    What time can we pre-order online, midnight or like 9am? Even apple has trouble keeping it’s site from going down during launches, hope Tesla is prepared…

    1. MTN Ranger says:

      “The second is to make a reservation online at Tesla.com when the live unveil starts at 8:30pm PT.” So, 11:30pm ET is when you can make online reservations.

  12. Jonathan B says:

    Great! So considering I live in Silicon Valley and employees and current owners of Model S/X are ahead of me, this means that I’ll be like #150,000 on the regional list, even though I waiting in line…. Considering going to a different store hours away and ordering there.

    1. Mister G says:

      You’ll get yours before me because I live in Florida.

      1. ffbj says:

        Ouchie!

    2. Anon says:

      The upside is your vehicle will likely be more reliable by the time you get yours…

  13. bacardi says:

    Also, is there a “fixed” in person time you can order? So when looking at the L.A. area, all state sales hours start at 10am, yet there is one location in the OC that states 9am…So are stores setting their own hours and therefore if your goal is get into the queue ASAP, should we go to the stores who open the earliest?

    1. Alok says:

      Very good question.

      In this post they now say: “visit your local Tesla store when it opens on March 31st”.
      Before they mentioned the 10 AM Pacific Time (as if it were for all stores worldwide).
      Huge difference.

      On that basis, my answer to your question would be: yes, better to go to the store that opens earlier (if they don’t change policy. It could probably be improved).
      That’s within a certain region.

      For different regions, different queues will be there (as detailed in the post).

    2. Pushmi-Pullyu says:

      bacardi asked:

      “…if your goal is get into the queue ASAP, should we go to the stores who open the earliest?”

      Tesla has stated that online ordering from Tesla stores will begin at the same moment everywhere. So the only thing that getting into a store which opens earlier will accomplish is that you can stand in line more hours. I suppose if you’re that determined to get near the front of the line, you can do that. But then, you’ll be beaten by those even more determined than you who will camp out overnight in front of a store, to be first in line.

      But everybody is gonna be behind current owners of Tesla cars. Is it really worth going that far out of your way to be a bit closer to the front of the line, when you know you’ll never be able to get very near the front?

      Unless, of course, you already own a Tesla car. But in that case, you might as well wait until later and order from the comfort of your own home, because you’ll go to the front of the line, cutting ahead of all those who waited for hours at the stores but don’t already own a Tesla car.

  14. John says:

    Probably going to reserve one, but keeping my options open. Two years minimum is a long time to wait. I’ve heard the deposit is refundable, but didn’t see that in the info here. Sure hope so.

    1. Alok says:

      Yes, John.
      It’s refundable at any time.
      It’s mentioned in the beginning (point 2) of the “Model 3 Reservation Agreement” that can be found here:
      https://www.teslamotors.com/sites/default/files/pdfs/model_3_reservation_agreement.pdf

      1. MikeM says:

        Well, this is interesting.
        From the Model 3 Reservation Agreement you referred to:

        “. . .Purchase Agreement between you and an authorized Tesla dealer (Tesla)”.

        Authorized Testa Dealer. Hmmmmmm!

    2. ffbj says:

      Put me down for 1. No hurry since it will take a while to get anyway.

  15. RedLeafBlueLeaf says:

    I’ll just point out that in fall 2012 you could make deposits on the Model X due to be delivered starting in summer 2013. Actual deliveries started over 2 years later.

    So I wouldn’t count on any one actually driving a Model 3 in 2017. or 2018. And maybe one person in a high priority region (read: California) who owns several Model S and Xs will get to be the first one to drive a loaded Model 3 before the end of December 2019.

    1. RexxSee says:

      The situation, the dynamics, the experience, the momentum are different. Why should they behave like 4 years ago?!? Tesla is a fast moving, surprising company.

      1. ffbj says:

        While it is true that Tesla has had numerous delays and over promised, and under delivered but the prediction of such, that the Model III, without equivocation, will suffer a similar fate is a bagatelle.

        1. Brian Rose says:

          The purpose of the Model 3 is fundamentally different than the purpose of the S/X.

          There have been numerous statements about the manufacturing and engineering of the Model 3 being based on ease of production and rapid production ramping.

          The timing of the Model 3 MUST coincide with the completion of Stage 1 of the Gigafactory. Otherwise, you have massive battery production capabilities and nothing to do with it.

          Not to mention that they’ve been working on the Model 3 since they started working on the Model X. The entire design phase has had many more years of planning than most people appreciate.

          The engineering of the Model S and Model X were like building a Ferrari – intentionally complicated and low volume. The engineering of the Model 3 is like building a Corolla – intentionally simple for mass production.

          TL;DR The Model 3 is fundamentally a different vehicle, and ease of production has been the central goal since day 1 – unlike the Model S and X that, due to their market segment, were centrally designed with difficult engineering and revolutionary features.

    2. Pushmi-Pullyu says:

      RedLeafBlueLeaf said:

      “I’ll just point out that in fall 2012 you could make deposits on the Model X due to be delivered starting in summer 2013. Actual deliveries started over 2 years later.”

      Yes, but that’s an apples-to-oranges comparison. So long as Tesla was production constrained by limited battery supply, and so long as Model S sales continued to grow, there was no compelling reason to put the Model X into production. Tesla’s profit margin is probably higher on the Model S.

      Contrariwise, Tesla is betting billions of dollars on building Gigafactory 1, to supply batteries for the Model ≡. Any serious delay getting the M≡ into production means they waste a lot of they money they spent on interest on the capital it took to build the Gigafactory. So Tesla has a much stronger incentive to get the M≡ into production in a timely manner.

      There’s also the fact that the Model X is, frankly, needlessly over-complex, which apparently did result in some delay in production, as well as a slower than planned ramp up. Contrariwise, the Model ≡ will be a much simpler vehicle, and therefore ought to present far fewer delays. At least, we hope so!

  16. I have a Tesla Model S from Montreal

    Could I pick up the car directly in california

    Could I reserve 2 cars

    1. We had a similar question about picking up our Model S. What we were told at the time was that picking it up in California meant basically paying the California taxes as if it was a California sale. BUT! I stress that I could be misremembering, so it’s worth calling your Tesla rep (the person with whom you interacted when you bought your S) and checking with them. Times change and laws change.

    2. Pushmi-Pullyu says:

      Daniel A Montreal asked:

      “I have a Tesla Model S from Montreal

      “Could I pick up the car directly in california”

      It’s not clear to me: Do you live in Canada? If so, then you’ll have to deal with customs, import duties etc. in buying a car in the USA but registering it in Canada.

      And while it’s usually possible to avoid paying taxes in two States, if you buy a car in one State of the USA but register it in another, somehow I doubt the governments involved would allow you to take the car out of the USA without paying State tax somewhere. So my guess is you’d wind up paying sales taxes twice, once in California and once in Canada.

      By all means, do call Tesla and talk to them about the situation. But my guess is that you’d have to deal with a lot of red tape, and pay a lot more money, than if you just ordered the car to be delivered in Canada.

  17. Daniel says:

    I still believe many are expecting to get Model S / X level tech and features at a 35K price point. Anyone else notice that on the Tesla CPO consolidator website, suddenly all of the offerings that were beginning to dip below $50K disappeared overnight! Now the floor is right at $60k for the least expensive cars listed. Seems they are creating a false bottom to keep resale values artificially high.

    1. Brian says:

      Much more likely that people are actually buying the cheaper ones, than Tesla is removing them to artificially create a “false bottom” price. Demand is very high for the S, they don’t need to manipulate prices like that.

      1. Brian Rose says:

        No Mitch,

        Tesla is being intentionally subversive even though Elon doesn’t even like advertising because he feels it’s disingenuous.

        Tesla took the time to list those Model S’ at $50k prices… just so that they could later de-list them to hide it! (Even though they could have, you know, just never listed them in the first place).

        They’re doing this, and eating the millions in lost sales revenue, so that they can artificially inflate the value of the Model 3 when it is released 2 years from now.

        Because, of course, most people looking to purchase a Model 3 first go to the CPO part of the Tesla website and make their purchase decision on whether any Tesla Model S’ sell in the $50k range.

    2. Ryan H says:

      Tesla has been diverting the lower cost/higher mileage Model Ss to their loaner fleets across the country instead of certifying them. You can still buy these cars by contacting your local store but they will likely not have any CPO work or additional warranty.

    3. RexxSee says:

      Tesla discontinued the 40kWh, $50K model because there was no demand for it. Luxury car buyers were not interested in this weak version. Simple as this.

  18. Three Electrics says:

    I’m interested to know when the 35K version is expected to ship, as compared to the 55K versions that will ship at launch.

    1. Anon says:

      Order one, then tell us when yours is ready…

    2. Breezy says:

      2019.

    3. RexxSee says:

      Dear Three Oil companies, tell us where you heard about some 55k version?

      1. ffbj says:

        I predicted that for the top end.

      2. ModernMarvelFan says:

        Are you saying that there won’t be a PxxD version that starts at $55K?

        Knowing Tesla’s model/option structure, that is fully expected to have a high end version that starts at $55K.

        If it is competing against the Audi A4 and BMW 3 series, then the RS4 and M3 equivalent version should easily be in the $60K to $70K version….

        1. RexxSee says:

          I don’t say there won’t be any, I don’t say there will be any, I say that Three Oil Barrels put it like it is a fact officially announced that there will be.

  19. Michael Will says:

    The ‘false bottom’ may also just be the back buy price guarantee

  20. Mark C says:

    I’m going to rush down to my nearest Alabama store…. Oh no, wait!, they can’t sell them here. I guess I’ll have to take a vacation to Gatlinburg, TN to order in their store. Since I won’t be ordering a higher trim line, heavily optioned Model 3, I’ll probably be 3 years waiting +/-, so I’ll need the full Tesla in-store experience and a couple of souveniers to tide me over. 🙂

  21. Nelson says:

    So if I put the $1,000 reservation on my credit card will I see that charge in my next credit card statement or will the charge appear when the car is delivered? Anyone now how that works?

    NPNS! SBF!
    Volt#671

    1. Ryan H says:

      You have to actually give them $1000 to hold a spot in line just like any other deposit. They will absolutely charge your card and hold your money until delivery.

      1. Bonaire says:

        100,000 $1000 reservations is equal to 100 Million dollars and is money that Tesla needs right now to prepare to build the Model 3. The assembly line isn’t setup yet. With enough reservations they may be able to go to the market and offer another bond or stock offering to help grow cash on hand. The more reservations taken in now, the better for a possible offering with good terms.

      2. Pushmi-Pullyu says:

        Right. You’re giving Tesla a free loan of $1000 for the privilege of having a place in line, so you can actually order the car at some undetermined point in the future. That’s what a deposit is; you actually do have to give them real money.

        The good news, of course, is that you can cancel at any time for a full refund of your deposit.

    2. V2 says:

      Will be more than glad to give them $1000 interest free loan because I believe in the company and want them to succeed. I am not going to get poor by not having the money in my account but the combined cash infusion we can all give the company can really make a difference.

      1. Mister G says:

        It would also increase Tesla stock price that can be used for Model 3 production.

        1. Pushmi-Pullyu says:

          More to the point, having a high number of reservations allows Tesla to go to investors and say “See, demand for this car is high, so invest now to get in on our growth with selling the very popular Model ≡!”

          It also allows Tesla to go to parts suppliers and show them that yes, they really do need a high volume of parts for this car. According to Tesla, in the past auto parts makers have been reluctant to commit to high volume production on Tesla parts. I suppose that’s understandable for a young company like Tesla; a company whose financial future isn’t as solidly established as an auto maker which has been selling cars for decades.

          So there appear to be good reasons for Tesla setting the reservation price fairly low.

    3. Nix says:

      Yes, the Deposit Agreement is actually an entirely separate agreement than the Purchase Agreement itself, so any charges are immediate and don’t depend upon a future Purchase Agreement.

      There is also a paypal option, and a checking or savings account debit option for the Model X reservation. I’d guess those will also be options for the Model 3.

  22. floydboy says:

    That ‘3’ looks just like the Tesla letter E. I guess there’s more than one way to skin a cat, mr Ford.

    1. Anon says:

      *Stereotypical Redneck Voice*

      “Yeup. Skinn’ Fords’wut we likes ta doo… We’re a cum’n fer yur fulsighs Pickups, nextah.”

  23. floydboy says:

    Just gauging initial buzz, 35k base models are likely to be as late as third quarter 2018, a full year after initial high end models roll out.

  24. ModernMarvelFan says:

    “When production begins, we will begin deliveries in North America starting on the West Coast, moving east. ”

    Hey, that is a compliance car….. West coast are compliance states. LOL.

    J/k.

    But Canadian is getting a discount while the people in Japan has to pay more.

    Either way, I expect at least 100K orders before April 15th and potentially up to 200K before end of the year…

    No wonder the stock is up!

  25. MTN Ranger says:

    Well, my wife gave me permission to make the reservation. Luckily, I live 18 miles from a Tesla store and I’ll be waiting in person on 3/31. I hope to get a mid-level $45-50k version by late 2018/mid 2019.

    1. Model S says:

      Lol

      Why is your wife giving you permission?

      If you aren’t making the decisions something aint right

      1. MTN Ranger says:

        Happy wife, happy life! Honestly, it’s a joint decision.

  26. Murrysville EV says:

    You’d be better off to spend the $1000 on TSLA stock now, sell it on April 2, then take the proceeds to purchase an EV you can actually drive in 2016 or 2017.

    Also, bear in mind that the $7500 tax break will burn out just as the Model 3 is arriving:

    http://seekingalpha.com/article/3959968-tesla-limiting-us-model-3-masses

  27. Pushmi-Pullyu says:

    Counting up while counting down to the Reveal:

    I count this as #3 for InsideEVs articles about the Model ≡ Reveal, since I started my count a few days ago.

  28. Josh says:

    Just an observation…

    How many other car makers have people dissecting and complaining about their potential wait list number and delivery time on a vehicle they have never seen or gotten specs for.

    Anyone who thinks Tesla lacks demand is crazy. Price points, vehicle options, execution schedule, fair enough, but not demand.

    1. Braben says:

      It’s actually not that unusual. E.g. visit a BMW enthusiast forum when a new model is about to come out. You’ll see lots of talk about preorders, the fastest dealerships etc.

      I’m a actually little concerned about Tesla’s lack of marketing. I haven’t met anyone in real life yet who was even aware of the Model 3 reveal and reservations.

      1. Josh says:

        Good to know. I have seen it happen between when a production model was shown at an auto show and actual production.

        Just not before the vehicle was actually unveiled.

    2. JeremyK says:

      Pre-orders don’t matter if Tesla can’t fulfil those orders in a timely manner.

      When I look at Tesla, I see a company that is still learning how to manufacture cars. If they can’t learn how to get cars out the door faster, they will forever remain a niche player.

      Companies like GM and Nissan can afford a slow seller like the Volt or Leaf, but Tesla must sell SOMETHING in volume. It’s going to be a huge step for them to come out of the gate making 50K-100K vehicles per year. They’re not there now and I doubt they will be by 2018.

  29. Mitch says:

    so this means that if you are rich and live on the West coast you get the first Model 3s and if you are an average American want to get in on the Tesla game and live on the east coast you basically have to wait until 2020. Way to get new customers Tesla!

  30. Bill says:

    I will never buy a first run Tesla Model again. My Model S is full of continuous defects and repairs. 15 months and in for fixes every month.

    1. Peter says:

      Sorry to hear that you have had bad luck. My first model S did have some minor assembly problem but noting major. It is now 2 years old an has 10.000 km on it and no new issues.
      My second model S a 70D is soon one year old and has never been back to the service center since delivery and 3.500 km. I aggree that there could be some first run issues but Teslas great service experience compared to any other brand makes it a easy choice to buy a model3.

  31. Peter says:

    I will order one the first day. Happy that I will not have to drive a Tesla because I already have a model S that I love.