April 1, 2016 - 17:25 AMT
Tesla Model 3 preorders break 150,000 barrier

TeslaModel 3 preorders broke the 150,000 barrier, TechCrunch reports citing Tesla’s own tracker.

Elon Musk on Thursday, March 31 unveiled Tesla’s Model 3, the car designed to bring Tesla to the masses.

The car will start at $35,000, compared to the Model S and X which can easily run close to $100,000.

On stage, Elon said that 115,000 people had already preordered before the car had even been unveiled. This means the electric car company just took in $115M in deposits, and four billion dollars in potential sales.

While not all of these pre-order will convert to sales, it’s still a staggering number for a car company that barely produced 50,000 cars throughout all of last year, TechCrunch says.