The sort of people who would consider buying an expensive sedan can probably afford to loan Tesla $1000 for a year or so. I reserved a Model 3 because I figure

The sort of people who would consider buying an expensive sedan can probably afford to loan Tesla $1000 for a year or so. I reserved a Model 3 because I figured that if I didn't, I would be at the end of a very long waiting list and would probably lose out on the federal rebate. The most likely outcome is that I'll decide that's too much to spend on a car and cancel, but it still made sense to me to keep my options open. I expect a lot of those reservations to be converted to actual sales, but a lot of them won't. In any case, I think Tesla will have plenty of demand if the product meets expectations.