Elon Musk: Tesla to start production of Model 3 this week

After passing all regulatory requirements for its production, the Tesla Model 3 will enter production by July 7^th, Friday, according to CEO Elon Musk. The first 30 customers will be getting their new Teslas during a handover party on July 28^th. Afterwards production of the most affordable Tesla to date will ramp up from 100 cars in August, to over 1,500 in September, and then to 20,000 per month by the end of the year. Tesla is also expected to dramatically increase production next year as it aims to produce 500,000 units annually. The Model 3 has over 400,000 pre-orders already so there are a lot of vehicles that need to be done. The clamor for it is understandable with the Model 3’s starting price at US$35,000 (around CA$45,000), which puts it a good $70,000 or so off the other Tesla models.

Source: The Verge