The latest data from TickerTags is more good news for Tesla Motors Inc TSLA 0.84% shareholders. Social media is buzzing about the newly-unveiled Model 3, and sentiment is overwhelmingly positive.

TickerTags monitors social media sites to identify trends by searching for words or phrases that appear together in social media content, such as tweets.

Tesla is hoping that the Model 3’s $35,000 anticipated starting price will make it the first electric vehicle in the market with mass appeal. Within the first 24 hours of its unveiling, Tesla received 198,000 Model 3 reservations.

Tesla’s luxury Model X has been a huge hit for the company so far, but data shows that the number of social media mentions of the Model 3 on its release date was about 240 percent higher than mentions of the Model X when it was unveiled.

Overall baseline mentions of the Model 3 are now 550 percent higher than those of the Model X. Perhaps much more importantly for Tesla, the data shows…

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