Tesla Model 3 prototype

Tesla Model 3 prototype

Three days ago, when Global Equities Research projected more than 300,000 reservations for the Tesla Model 3 electric car by the start of this week, that number seemed outlandish

And yet, by the end of Saturday, the global total had reached 276,000, according to a tweet by Tesla CEO Elon Musk.

When the Model 3 was first unveiled in California on Thursday evening, the number of deposits that day alone had already crossed 100,000.

With an additional day and a half, Saturday’s total of 276,000 has likely crossed the magic 300,000 mark by now unless the pace has suddenly slowed to a crawl.

And that clearly caught even Tesla off guard, with Musk tweeting that the company would have to rethink its production plans for the 215-mile, $35,000 electric car that won’t hit the roads for almost two years under a best-case scenario.

Musk promised one more report on reservation totals, this one to come exactly a week after the Thursday evening introduction.

Tesla Model 3

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