New Tesla Model 3 orders unlikely to ship before end of 2018 | CNN Money


If you haven’t already pre-ordered the Tesla Model 3, don’t expect to own the car anytime this year — or next.

“This will be a long wait,” Tesla (TSLA) CEO Elon Musk said at the company’s annual shareholder conference on Tuesday. “I’m guessing if you put a deposit down now, it’s probably end of next year before you get it.”

Musk’s estimate suggests an even greater backlog than expected. On Tesla’s website, the delivery estimate for new Model 3 reservations is “mid 2018 or later.”

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