Tesla was able to make good on its promise of delivering the first Model 3 EVs in July. That fulfilled promise seems to have spurred a bunch of affordable EV hopefuls to plunk down deposits. Tesla reports that is is currently getting 1,800 new reservations per day. That means the car will remain hard to get for a while.
Tesla is currently aiming to build 1,500 Model 3 cars monthly in September and ramp that production all the way up to 20,000 units by December of this year. That means more reservations come in daily than Tesla can build in a month at current rates.
Tesla also says sales for the Model S and Model X are up. Interestingly, some who reserved the Model 3 and then cancelled are saying it is taking a long time to get their refunds. Despite booming reservations, Tesla still reported flat quarterly revenue.