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198,000 customers plunk down $1,000 deposits for Tesla Model 3 electric car

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Demand for Tesla Motors' new lower-priced electric car surprised even the company's CEO Friday as 198,000 people plunked down $1,000 deposits to reserve their vehicles.

"Definitely going to need to rethink production planning," a surprised CEO Elon Musk said on his Twitter feed.

Musk unveiled the car Thursday night at his design studio in Hawthorne.


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