About 12,200 Tesla Model 3 Preorders Have Been Canceled

It’s hardly a surprise, but 12,200 Tesla Model 3 preorders have been canceled.

After revealing that it had around 400,000 preorders for the Tesla Model 3, the company said it now holds about 373,000 reservations for the entry-level, all-electric sedan. According to Tesla, about 8,000 customers have canceled their preorders, while 4,200 Model 3 preorders were canceled by Tesla because they were duplicates. The numbers were part of a report in Tesla’s filing to raise $1.4-billion in a share offering to ramp up production for the Model 3.

SEE ALSO: Tesla Selling $2B in Stock to Ramp Up Model 3 Production

We’re not quite sure what’s more surprising: The fact that there are still 373,000 Tesla Model 3 preorders, or that only 8,000 people have canceled. That number will likely increase over the next year or two, depending on how quickly Tesla can get the Model 3 into consumers’ hands. It will get even more interesting when the first units roll off the assembly line and early adopters and the motoring press get their hands on it.

[Source: Automotive News]

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