Tesla Model 3 listed 1,800 reservations per day

Tesla listed the waiting list of Model 3 orders of about 1,800 units per day since its first launch on Friday. Tesla Inc. said the response on the new vehicle had been "overwhelming" and now they are making efforts to produce more. A total of 9,000 orders have since been launched without any cancellation by the buyer and the company will ship approximately 1,500 units in the current quarter.

Tinuku Tesla Model 3 listed 1,800 reservations per day

"Since the handover event last week, we are averaging over 1,800 net Model 3 reservations per day. We opened the Model 3 configurator to the thousands of our employees with reservations so they could begin ordering their vehicles," the company said in a statement.

"Soon, non-employee customers will begin receiving invitations to order their cars in small groups based on when they placed their reservations, with existing Tesla owners receiving first priority. Deliveries to non-employees will begin in Q4."

"At our Fremont factory, the new Model 3 body welding line and multilevel general assembly line are highly dense and automated. This densification sets the stage for us to produce over 500,000 Model 3 vehicles annually.

"Model 3 drive units as well as battery packs made with our proprietary 2170 form factor cells are being built on new lines at Gigafactory 1. We are now fine-tuning these manufacturing lines to significantly increase the production rate."

"Based on our preparedness at this time, we are confident we can produce just over 1,500 vehicles in Q3, and achieve a run rate of 5,000 vehicles per week by the end of 2017. We also continue to plan on increasing Model 3 production to 10,000 vehicles per week at some point in 2018."

The company expects Model S and Model X to remain the main selling driver for the second half of the year and ease concerns that the launch of the Model 3 will slow the sale of the flagship vehicle.

Tesla said weekly net order rates for Model S and Model X were about 15 percent higher than the average weekly order rate of Q2. Both models will help fund production expansion for Model 3.

The company also revealed it has spent US$959 million in Q2 in investment for production capacity of Model 3 in Fremont, Gigafactory 1, and in the expansion of its customer support infrastructure.