Apr 5, 2016

Tesla Model 3 preorders climb to 276,000

Just days after the electric car company announces its $30,000 model, hoards of people have stepped up to put down a deposit.

Final Noteby Kai Ryssdal

Customers wait in line to put a $1,000 deposit on the as yet unseen Tesla Model 3, outside the Tesla store on the Third Street Promenade in Santa Monica, California, on March 31, 2016. — Customers wait in line to put a $1,000 deposit on the as yet unseen Tesla Model 3, outside the Tesla store on the Third Street Promenade in Santa Monica, California, on March 31, 2016.
ROBYN BECK/AFP/Getty Images

More than 276,000 people put down deposits of $1,000 cash for a Tesla Model 3 this weekend, the Los Angeles Times reported. That’s $276 million into Tesla’s coffers just days after the electric car company unveiled its $30,000 car.

No interest due, no payments to make, no nothing — the money just landed in their lap. Kind of brilliant, right? Now he’s just got to build the thing.

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