Tesla Model 3 Receives 325,000 Preorders in Just One Week

There was no doubt that the Tesla Model 3 was going to be a big hit after last week saw the newly announced electric vehicle receive 180,000 preorders in just 24 hours. One week on and Tesla has revealed that the preorders kept flowing in, with the number already having reached 325,000.

If all of the preorders are converted into sales when the Model 3 is released next year, Tesla is set to make around $14 billion from sales of the Model 3 alone which will make it the single biggest one-week launch of any product ever. Due to the required $1000 preorder deposit too, Tesla have already made $325 million just for the orders so far and although the deposit is refundable for those who change their mind, it should certainly keep Tesla going until the Model 3 makes it to market. In a tweet today, Musk revealed that despite the cap on preordering two Model 3’s for each person, only 5 percent of customers ordered two cars

Furthermore, the EV firm boasts that they got this huge amount of preorders without advertisement or paid endorsements with only the enthusiasm and passion of the Tesla team and the fans who believe in them and their vision having pushed them and the Model 3 to this level of popularity. In fact, Musk himself was shocked at the number of preorders, stating on Saturday that he expected only between a quarter and a half of the 235,000 preorders that had already been placed although now he expects that it could hit half a million before the second part of the reveal later in the year.

The Model 3’s enormous popularity could just be the stepping stone that electric vehicles need to go truly mainstream, a dream that I am sure Musk and many others share. For other manufacturers hoping to release their new electric offerings in the near future, the bar has certainly been set high by Tesla and the Model 3 is the success story that many will hope to match.

Tesla Have Taken $7.5 Billion Worth of Model 3 Preorders According to Elon Musk

Yesterday, Tesla unveiled their long-awaited affordable electric car, the Model 3. Tesla may have expected that there would be great interest in this new car for the masses, but the response to it has been enormous, with over 180,000 pre-orders being taken in the first 24 hours alone.

Despite not knowing anything about the new car prior to the reveal, Tesla enthusiasts were queuing up at their dealerships around the US in order to be one of the first to pre-order the Model 3 and gain a favorable spot on the pre-order list. Even by the time that Musk had finished his presentation of the Model 3 at their Hawthorne facility, he announced that 115,000 preorders had already been placed that day, even though each one required a $1000 deposit.

After pre-orders had been made available for over 24 hours at US dealerships, Musk announced via Twitter that 180,000 Model 3 pre-orders had been taken by Tesla. According to Musk’s estimate of the car’s price, $35,000, that’s $7.5 billion worth of cars sold is just one day. The pre-orders show no sign of stopping either, with Musk continuing to tweet that the pre-order numbers had reached 198,000, growing the waiting list considerably.

This is a massive victory for Tesla and the electric car industry, which just shows how adoption for these types of cars is growing. Now, however, Tesla are under massive pressure to deliver on these orders, as 180,000 cars is no small amount, especially when the firm manufactured only 50,580 cars throughout 2015. Tesla claims that after production has been ramped up, they will be capable of delivering as many as 500,000 cars per year. Let’s hope that Tesla and Musk can make good on this figure, or they could be facing a lot of upset customers who may start to consider another competing electric vehicle, such as the Chevrolet Bolt.

Tesla Explains How to Reserve a Model 3

Tesla’s new Model 3 may be about to debut in only a few months, at an event scheduled to be held at the company’s Hawthorne, California facility. Any hopeful owners of Tesla’s newest offering will have a long wait ahead of them, though, as the car is only currently expected to be on roads by late 2017. The ordering process won’t be easy either, as Tesla announced in a recently published blog post.

Reservations for the Model 3 will be opening on March 31st in Tesla stores, which matches the date of the debut event for the car. They will also be available online starting at 8:30 PM PT, which is around the time the reveal will be made. The catch is, that to pre-order a Model 3, you’ll have to pay $1000 upfront to even get your name on the waiting list. Considering the car itself is set to cost $35,000, this is a lot of money, but for diehards who want a Model 3 as early as possible, it may be a price you have to pay considering Tesla still haven’t cleared their reservations for the Model X. Tesla states that the best way to stand a chance of getting a good spot on the waiting list is to visit Tesla stores in person, as when reservations finally go live online, many will have already pre-ordered.

Unfortunately, the Model 3 won’t be available everywhere initially either. Initially, the car will be available on the West Coast of the US, before moving east. After the US rollout is complete, versions will be made available for those in Europe, APAC, and right-hand-drive markets at later dates. Tesla “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.”

More news on the Model 3 itself will be available following the reveal next Thursday.

Meta 2 Development Kit Revealed

The Meta is known for being the forefront of augmented reality. Much like virtual reality, Augmented reality is based on the user seeing virtual objects but instead of it being on an isolated screen, augmented reality lets you bring virtual objects to life. That dream of an Iron Man experience is one step closer thanks to the Meta 2 Development Kit.

The new development kit contains all you need to start programming your augmented reality programs. Included with the Meta 2 headset you will get the source development kit (SDK) and the Meta operating environment while the Meta headset itself contains some impressive specs.

The resolution the “screens” displayed at is 2560×1440, being captured through a 720p camera that will give you a whole new level of detail in your interactions and visual manifestations of your dreams.

Four speakers and a 6-axis measurement unit mean that your whole experience will respond with the sensors to track your hands, giving you everything you need to see, hear and interact with your minority report like Minority Report like wall of screens.

At $949 the Meta 2 Kit is not for those who are looking for a quick thrill, but for those who are interested in the experience and developing for augmented reality, the product ships in the third quarter of this year.