Tesla Motors Inc. said Thursday it has received more than 325,000 reservations for its Model 3, the mass-market car it unveiled last week. The $1,000 reservations for the car imply about $14 billion in future sales, the company said. Tesla expects to start deliveries of the Model 3 in late 2017. The launch “has been a true grassroots effort,” the company said. Shares of Tesla fell 2% on Thursday, but were looking to end the week up more than 9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.