More than a year after it was announced, Tesla CEO Elon Musk said the very first Model 3 will be completed this Friday, July 7. Musk unveiled the news on Twitter, saying the Model 3 passed all regulatory requirements for production (and two weeks ahead of schedule, no less).
The Model 3 is Tesla’s most affordable vehicle yet, retailing for $35,000 before tax credits; it’s possible some orders will come in at under the $30,000 mark, which makes it hugely competitive in its segment.
The latest data suggests over 400,000 pre-orders for the Model 3 have been made—and Tesla hasn’t even shown off the final production version to the public. Which makes Musk’s Tweets all the more exciting. Now, we’re only days away from the first Model 3 showing up on public roads.
The biggest challenge for Tesla won’t be hitting a mileage goal or selling more cars than its competitors. It’ll be fulfilling orders. Musk said once the first 30 Model 3’s are handed over to customers, production will grow “exponentially.” By December, Musk is hoping to produce 20,000 Model 3 cars, with production to increase over the course of 2018.
Tesla has run into production issues before, so the next several months will be a huge test for the automaker. The Model 3 is the company’s first real consumer car, making it a hugely important release.
Tesla says the Model 3 is capable of traveling over 200 miles on a single charge, which is a key stat for consumers who are worried about range. It’ll also feature Tesla’s autopilot system, support for supercharging, and enough room to comfortably seat five adults.
To learn more about what the Model 3 has to offer, check out the link down below.
Tesla on Thursday officially unveiled the Model 3, finally giving the world a glimpse of its most important car yet. We already knew some of the car’s big stats, such as mileage and price, but Tesla CEO Elon Musk also shared other big details, ensuring the 115,000 people that have pre-ordered in the last 24 […]