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Tens of thousands of people have canceled their Tesla Model 3 orders

Tesla Model 3

(The first 30 Tesla Model 3s delivered on Friday, July 28, 2017.Bryan Logan/Business Insider)
About 63,000 people have canceled their Tesla Model 3 orders in the past year, Tesla CEO Elon Musk said during the electric-car company's quarterly earnings call on Wednesday.

Total orders for the entry-level electric luxury sedan dropped from about 518,000 to 455,000, Musk said, but he suggested the cancellations were merely a drop in the bucket, because the...


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