Tesla Inc (TSLA) Opens Sales of Model 3 Cars to All North American Customers

Tesla Inc (NASDAQ:TSLA) has announced a change in plans that could result in additional interest in its Model 3 vehicles. The electric vehicle maker has scrapped reservation requirements while opening up sales throughout North America.

CNBC shares the news on Tesla’s changes.

Tesla is taking orders for its Model 3 electric sedans throughout the U.S. and Canada, no reservations required.

Previously, would-be Model 3 owners had to put down a $1,000 deposit to secure a place in line to buy the car. Now, anyone in North America can order one via Tesla’s website.

New customers and reservation holders alike will still need to place a $2,500 deposit to move their orders forward. Those deposits become non-refundable once a VIN number is assigned to the ordered vehicle, which typically happens within a few days of ordering.

Tesla has also announced that orders for the Model 3 will be fulfilled in priority order based on a mix of factors, including date of order.

Tesla Inc shares fell $6.27 (-1.94%) in premarket trading Wednesday. Year-to-date, TSLA has gained 1.23%, versus a 4.67% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #10 of 24 stocks in the Auto & Vehicle Manufacturers category.