Tesla (TSLA) CEO Musk Offers Additional Model 3 Reservation Details

Tesla Motors (Nasdaq: TSLA) CEO Elon Musk offered additional detail about the Model 3 on Twitter early Thursday.

Musk said that a reservation for the vehicle would require $1,000 down and there won't be a Signature version, so the reservation price will be the same for everyone. Reservations will start in stores on March 31st and online on April 1st. The reservations will be open to everyone, both in the U.S. and globally.

Shares of Tesla are up 7.5 percent on Thursday.

Model 3 reservations ($1000 down) will be accepted in Tesla stores on March 31 and online April 1

— Elon Musk (@elonmusk) February 11, 2016

No signature series for Model 3. Same reservation amount for all.

— Elon Musk (@elonmusk) February 11, 2016

More details on Model 3 unveil in coming weeks. That's it for now.

— Elon Musk (@elonmusk) February 11, 2016

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