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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.

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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