The Truth About Tesla, Inc.'s Model 3 Reservations

After Tesla's (NASDAQ: TSLA) second-quarter earnings call, there has been some confusion about how the electric-car maker's reservations for its recently launched Model 3 are faring. Some major media outlets have misinterpreted CEO Elon Musk's comments about gross reservations versus net reservations to mean that total reservations have declined by 63,000. But this isn't the case -- far from it actually.

On the contrary, Tesla's net reservations for the Model 3 vehicle have been steadily rising. Furthermore, Model 3 reservations accelerated in recent weeks and are climbing after the vehicle's final unveiling and first deliveries on July 28.

Model 3. Image source: Tesla.

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Source: Fool.com