Tesla Model 3 Preorders Equaled $10 Billion In First Day And A Half

Orders for Tesla Motors Inc TSLA's Model 3 sedan continue pouring in, days after the launch event. Related Link: Everything Everyone's Saying About Tesla After The Model 3 Launch According to the latest report by Reuters, Tesla's orders for its new Model 3 sedan topped 253,000. The publication cited Brian Johnson, an analyst at Barclays, who suggested that total pre-orders could reach as high as 300,000 by the end of June. Reuters also noted that the Model 3's average selling price could come in above the $35,000 base price and models loaded with extra equipment and features could fetch as much as $60,000. Shares of Tesla were trading higher by more than 3 percent late Monday morning at $245.71.