Elon Musk Takes To Twitter To Discuss Tesla Model 3

Elon Musk Takes To Twitter To Discuss Tesla Model 3

Following yesterday's Q4 earnings report and conference call, Tesla CEO Elon Musk took to Twitter to spill some additional details on the highly anticipated Tesla Model 3.

According to Musk, there will be no Signature Series for the Model 3.

Additionally, all versions of the Model 3 will required only a $1,000 deposit to reserve your spot in line, practically guaranteeing a very high initial order rush for the car.

Those deposits will be accepted in Tesla stores starting on March 31 and online beginning on April 1.  In other words, all employees at Tesla boutique stores won't be getting the last day of March off.

As we have seen in the past, order sequence will likely have some impact on when consumers receive cars.  Historically, Tesla has rolled out new product into North America first, and often those first domestic deliveries are then sub-divided/batched by a set of unknown options (chosen at time of ordering), that the company's Fremont facility is most optimized to build.

Yesterday, Musk reiterated that the Model 3 will boast more than 200 miles of range and have a pre-incentive price of $35,000. He again confirmed these figures on Twitter, while adding that reservations will open globally at the end of March:

Reservations To Open Globally Starting On March 31

Reservations To Open Globally Starting On March 31

Lastly, as we reported yesterday, high-end Model 3s will get priority:

“Our default plan as we have done in the past is that the initial sales are relatively highly optioned versions of the car, because we’ve got to pay back the investment of the tooling and everything, so it makes sense to have the higher optioned versions first. That’s what we did with the S and obviously again with the X.”

Who's ready to put their $1,000 down at the end of March?