Tesla Model 3 Reservations Are Increasing Every Week

Posted: May 6 2017, 7:19am CDT | by , in News | Cars & Vehicles

Tesla Model 3 Reservations are Increasing Every Week
  • Tesla Motors faces Escalating Model 3 Reservations and Lower Total Deposits

Tesla Motors is facing a paradox. Its Model 3 reservations are escalating into the stratosphere on the whole yet its total deposits are lower than usual.

After Tesla Motors announced that the reservation numbers for its Model 3 were at an all-time high, it was also noted by analysts that the total consumer deposits figure was in the dumps.

This is a strange anomaly in the company’s sales drive. Despite Elon Musk’s reassurance to the public that Tesla has nothing to worry about and that everything is just hunky dory, things are not all going fine inside the electric vehicle company.

According to Electrek, keeping track of Tesla’s Model 3 reservations has been quite a task. Tesla stipulates that a $1000 deposit be made with each reservation. While towards the end of last year, these deposits reached $700 million, the figure has fallen ever since.

Recently, it fell down to $613 million which is quite a shock for Elon Musk and his company. Some say that the rise of the Model X has led to such a SNAFU. Musk has remained taciturn about the whole matter.

He did say this much that if he were to explain the situation, it would cause the public to go jumping to conclusions and act in a manner that may be detrimental to both parties, the consumer and the producer. Therefore he was maintaining a strict silence about the situation at hand.

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