Tesla Model 3 Orders Top $10 Billion
These drivers have a lust for power. CEO Elon Musk says his electric car company has already received 276,000 orders for the latest model of its all-electric sports car, with some comparing the excitement to those who line up to buy the newest iPhones. Fueling demand is a $35,000 baseline price, improved driving capacity of 200 miles per charge, and an American $7,500 EV tax credit. But more folks are hitting the e-pedal than Musk anticipated, and orders could exceed $20 billion before the vehicle ships next year.