Avalon INDUSTRY BULLETIN: Surprising demand for Tesla Model 3 Electric Vehicle underlines need for new lithium supply

6 April 2016

April 6, 2016

Pre-orders for the highly anticipated, relatively affordable Tesla Model 3 electric car caught even the perennially optimistic Tesla Motors CEO Elon Musk by surprise when it went on sale on March 31st. Worldwide pre-orders for the new lower-priced electric car hit 276,000 during the first weekend, prompting Mr. Musk to tweet that Tesla will “definitely need to rethink production planning,” including building a European factory to keep up with regional demand.