Will Tesla change its Model 3 production plans, as Musk suggested to meet the demand? Well, it’s hard to say. The Fremont, Calif., factory can produce 500,000 cars annually, so it would be only have to grow its production within the current factory to hit those numbers. Tesla’s huge battery factory, under construction outside of Reno, known as the Gigafactory, may be the more difficult one to speed up because construction is already moving at a breakneck speed there.
Despite its ability to attract reservations and buzz, Tesla is already spending heavily to get to the point where it is today. It’s unclear how much more the company will be able to invest into increasing production beyond what it’s already publicly stated. It’s already raised billions of dollars to cover the ballooning costs.
A huge wait list is obviously great for Tesla, but the down side could also be some unhappy customers who grow tired of waiting and jump off the wait list. In that respect the reservation list could end up shrinking considerably.