Elon Musk Says 63,000 Tesla Model 3 Orders Have Been Cancelled

Tesla claims to be receiving 1,800 orders for the Model 3 every day but as it turns out, orders haven’t been rising uninterrupted since the prototype’s debut in early 2016.

Speaking on the automaker’s quarterly earnings call, chief executive Elon Musk revealed that about 63,000 Model 3 orders have been cancelled over the past year or so, bringing the total number of orders down from 518,000 to 455,000.

“Those cancellations occurred over the course of more than a year. I think [these numbers] are inconsequential. With a small amount of effort we can easily drive the Model 3 reservation number to something much higher but there’s no point. It’s like if you’re a restaurant and you’re serving hamburgers and there’s like an hour and a half wait for hamburgers, do you really want to encourage more people to order more hamburgers?” he said.

During the call, Musk said those ordering a Model 3 today are unlikely to receive it until the end of 2018 and that the automaker’s lofty production goals remain intact.

According to Recode, Tesla plans to be manufacturing 5,000 Model 3 vehicles a week by the end of 2017 and that sometime in 2018, approximately 10,000 Model 3s will be produced on a weekly basis.

“When I said ‘manufacturing hell,’ I meant it. We know this, we signed up for it. Not blaming hell because we bought the ticket. This is maybe the best I’ve ever felt about Tesla, to be frank,” he said.


Car Vending Machine Trialed In London With Renault Zoe Inside

The bespoke contactless car vending machine allows purchases of up to £21,000.

Porsche Invests In Short-Wave Infrared Sensor Technology

Porsche has purchased a minority stake in Israeli start-up company TriEye.

Land Rover Discovery Mobile Malaria Lab Completes Mission

This SVO-kitted Land Rover Discovery covered 4,567 miles across Namibia, Zambia, Tanzania and Kenya.

Porsche Cayenne Turbo S E-Hybrid Laps Unfinished Gotland Ring

The 670 HP Porsche Cayenne Turbo S E-Hybrid lapped the unfinished Gotland Ring in 3:51 minutes.

Lexus ES 300h F Sport Brings Sharp Looks And Adaptive Suspension To Australia

Aside from the edgy styling and extra gear, the F Sport also gets Lexus’ five-mode Adaptive Variable Suspension.

Five Of VW’s Finest Vintage Coupes Taken To Sachsen Classic Rally

Among the VWs that attended the event were a Scirocco I SL and a Karmann Ghia Type 14.

2020 Kia Mohave Reveals Stylish And Massively Upgraded Interior

Set to launch in Korea in September, the new Mohave is much more modern and jammed with high-end features.

Tesla Model S Catches Fire In Chinese Repair Facility

Tesla has claims that the electric sedan’s battery pack had sustained serious water damage and the body shop didn’t handle it properly.

Bentley EXP 100 GT Concept Is Looking Great In California

The EXP 100 GT is not slated for production but rather previews the types of cars Bentley intends on making in the future.

Automobili Pininfarina PURA Vision Concept Teased, Debuts Next Year

The concept is an electric vehicle which could preview Pininfarina’s upcoming sedan.