Elon Musk wows with newly unveiled Tesla Model 3, nets 133,000 pre-orders and counting - LA Times

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"Pulling the covers off the fourth vehicle in the company's short history, Musk declared that more than 115,000 vehicles had been pre-ordered in the first 24 hours. A couple hours later, by 10 p.m. Pacific, that number had climbed to 133,000. 

The lower, sleeker Tesla -- at least 20% smaller in stature than its bigger brother, the Model S -- will be able to go from 0 to 60 in less than six seconds in its most affordable configuration. 

"The Model S and X made the Model 3 possible," Musk said. "So to all of you who bought an S or an X, thanks for paying for this."

He noted that with any new technology "it takes multiple iterations ... and economies of scale before you can make it affordable.""

Elon Musk wows with newly unveiled Tesla Model 3, nets 133,000 pre-orders and counting - LA Times