180,000 Model 3 Orders In 24 Hours: Elon Musk Tweets 'Future Of Electric Cars Looking Bright'

Tesla Motors Inc (NASDAQ: TSLA)'s stock gave up early morning gains on Friday after the company unveiled its much anticipated Model 3 sedan.

The stock opened for trading on Friday at $244.82, marking a noticeable gain from Thursday's closing price of $229.77. Tesla's stock hit an intraday high of $247.90 shortly after the opening bell, but gave up most of the gains.

Related Link: $10 Billion Call? Chowdhry Sees Tesla Model 3 Reaching 300,000 Preorders

Shortly after noon, shares of Tesla were trading at $234.91 – up by more than 2 percent.

Elon Musk, Tesla's CEO, took to Twitter on Friday to tout the success of the Model 3 unveiling. He Tweeted that the company has received 180,000 orders for its new car in 24 hours with a selling price of around $42,000 per car.

"So ~$7.5 billion in a day," Musk added in his Tweet.

Model 3 orders at 180,000 in 24 hours. Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!

— Elon Musk (@elonmusk) April 1, 2016

Tesla unveiled its #Model3 last night. It's stock is up 7% this morning. Which would you rather own? $TSLA

— Benzinga.com (@Benzinga) April 1, 2016

At time of writing, Tesla was up more than 2.6 percent at $235.88.