The Model 3 was unveiled on March 31, 2017.<ref>https://www.youtube.com/watch?v=Q4VGQPk2Dl8</ref> Less than a month later it was announced the car had received nearly 400,000 orders with down payments of $1000.<ref>http://fortune.com/2016/04/21/tesla-elon-musk-model-3-orders/</ref> On July 2, 2018, Elon Musk announced that the Model 3 had reached the production milestone of 5000 cars per week.<ref>https://www.washingtonpost.com/business/economy/tesla-hits-5000-a-week-model-3-production-goal/2018/07/02/a3306ca0-7e48-11e8-b660-4d0f9f0351f1_story.html</ref> According to Bloomberg, as of late May 2019, Model 3 production has reached an estimated 264,901 units with a production rate of approximately 6000 per week.<ref>https://www.bloomberg.com/graphics/2018-tesla-tracker/</ref> This sales volume makes it one of the best-selling sedans in the U.S. | The Model 3 was unveiled on March 31, 2017.<ref>https://www.youtube.com/watch?v=Q4VGQPk2Dl8</ref> Less than a month later it was announced the car had received nearly 400,000 orders with down payments of $1000.<ref>http://fortune.com/2016/04/21/tesla-elon-musk-model-3-orders/</ref> On July 2, 2018, Elon Musk announced that the Model 3 had reached the production milestone of 5000 cars per week.<ref>https://www.washingtonpost.com/business/economy/tesla-hits-5000-a-week-model-3-production-goal/2018/07/02/a3306ca0-7e48-11e8-b660-4d0f9f0351f1_story.html</ref> According to Bloomberg, as of late May 2019, Model 3 production has reached an estimated 264,901 units with a production rate of approximately 6000 per week.<ref>https://www.bloomberg.com/graphics/2018-tesla-tracker/</ref> This sales volume makes it one of the best-selling sedans in the U.S. |