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Tesla's Model 3 now has 325K pre-orders -- and US$14.5 billion in potential sales

Lucas Mearian | April 8, 2016
Tesla said it will have to rethink its production plans.

Earlier this week, Musk released more details about the Model 3, saying it will be rear-wheel drive with the option of a dual-motor, all-wheel drive system that costs less than the $5,000 that system costs today the Model S sedan.

"Even RWD will have great traction on ice due to fast torque response of Tesla drivetrain," Musk tweeted.

The rear seat of the car will fold down, allowing passengers to sleep on it.

The Model 3 can travel up to 215 miles on a single charge and go from 0-60 mph in less than six seconds. By comparison, the entry-level Mercedes C-class moves from 0-60 mph in 6.3 seconds.

During the impromptu Twitter Q&A on Sunday, Musk said that the final design for the car isn't set in stone and that the looks of the front end, the edges and overall contours are likely to see further refinement.


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