Tesla Model 3 gets 134,000 pre-orders in 24 hours

Tesla customers have reserved at least 134,000 of its much-anticipated Model 3 electric cars within the first 24 hours of pre-orders.

The majority of those orders occurred before the car was even unveiled Thursday night to a raucous crowd in Hawthorne, California.

During the presentation, Elon Musk, Tesla's CEO, revealed Tesla had received 115,000 orders for the vehicles, and that figure quickly climbed to 129,000. 

Translated, that's $129 million in pre-order deposits —  buyers had to put down $1,000 before seeing or touching the car, which starts at $35,000. Read more...