Elon Musk Tweet <a href=(@elonmusk)" draggable="false">

Elon Musk Tweet (@elonmusk)

According to a Tweet put out by Tesla CEO Elon Musk , the reservation tally in 24 hours for the Model 3 (full details/specs) hit 180,000.

In addition, Musk was doing some napkin math to figure out what that 180,000-unit figure means for Tesla financially. According to Musk, 180,000 reservations times the average Model 3 selling price will net the company $7.5 billion.

Update:  Give it a couple hours (April 1st ~noon), and up the number goes.  Tesla CEO Elon Musk says 198,000 is the current Model 3 deposit reservation tally!  And that you should order soon!

Apparently the surging Model 3 tally was enough to even prompt an avatar change...good-bye non Violin playing Musk, hello 3 horizontal slashes!

The Virtual Wait Line Lengthens - Musk Tweets Encouragement To Get On Board The Model 3 Train Quick

The Virtual Wait Line Lengthens - Musk Tweets Encouragement To Get On Board The Model 3 Train Quick

Update 2: (April 1st, 8PM/PT): Just ~34 odd hours after orders opened in the US, Musk says the total deposits have now passed a quarter million!

Tesla Model 3 Deposits Reach 232,000

Tesla Model 3 Deposits Reach 232,000

Update 3:  Early "Day 3" (Saturday, April 2nd) update moves the number to 253,000.  Musk says he will update a final "Day 3" total, then one next Wednesday for the full week.

Up we go!

Up we go!

But it's the revelation of average Model 3 price that is most intriguing. Musk says that with an average option mix, the Model 3 will have a selling price of approximately $42,000, which is far less than most predictions have stated in the past.

Sure, a top of the line Model 3 will still cost way more than $42,000, but knowing that you can get a decently equipped 3 for just a hair over $40,000 is a welcoming message.