The Model 3 reception was phenomenal, but the 400,000 mark reported was inaccurate.

First, Tesla wiped out 4,200 reservations as duplicates; probably customers too eager to get in line making a mistake or a glitch in the company's system.

On the other hand, 8,000 people had second thoughts and cancelled their pre-order. Still, the compact EV saloon's launch remains a smash hit and it will be the one that will propel Tesla a tenfold increase in its annual sales, to 500,000 vehicles, by 2018.

According to AutomotiveNews, quoting Tesla Motors, the numbers are part of the brand's filling to raise $1.4 billion in a share offering to ramp up production for theentry-level electric vehicle.
Read more: http://myplanet-car.com/autonews.php?sid=247