Tesla Says Model 3 Orders Top $10 billion in 36 Hours

With the world gradually turning to electric powered vehicles, and sole dependency on petrol powered engines no longer an option, new players in the Auto industry such as Tesla Motors Inc are beginning to gain firms grounds in the Industry.

Recently Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours. Thats a fast start for the company's first mass-market vehicle and the funny thing is the cars may not begin to reach customers for another 18 months or more.

Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion.