Tesla Model 3 Hits Production This Week, First Car To Be Delivered This Month
After several months of anticipation, CEO Elon Musk has certainly confirmed that Tesla will begin the production of the much-anticipated Model 3 later this week. According to Musk, the production of its first mid-priced car would begin on Friday, which is two weeks earlier than planned. Aside from that, it was also claimed that the first deliveries of the car will be on July 28.
The confirmation comes after Musk posted on Twitter, which is intended to Tesla enthusiasts, that the upcoming Model 3 has successfully “passed all regulatory requirements for production.” Tesla is actually expecting to complete assembling and constructing the very first unit of the Model 3 vehicle on Friday, July 7, The Next Web reported.
All the details regarding the production and the car itself remain scarce for now, but the South African CEO promises that the first 30 customers will have their wheels shipped to them by the end of the month. However, while the manufacturing might seem slow, the good thing is that the automaker will continue to double time its production over the next few months in order to satisfy its 400,000 Model 3 pre-orders.
According to NY Times, CEO Musk claims that Tesla is scheduled to put together around 100 Model 3 vehicles in August, with plans to take the number up to over 1,500 in the next coming month. In order to meet the schedule of its 400,000 pre-orders, the automaker is planning to manufacture approximately 20,000 units per month starting in December and onwards.
On the other hand, given that Tesla guarantees a “mid-2018” delivery date for all the new reservations on its official page, the American car company might have to streamline its building process even more to meet its goals. If not, this risk will surely get customers disappointed again because of late deliveries.
The production and release of Model 3 is a critical test for Musk and his plan to turn Tesla into a producer of mass-market electric cars. As of now, the automaker has manufactured luxury cars in relatively small quantities, typically selling them for $90,000 or higher. However, in 2016, it made about 85,000 vehicles while General Motors, its best rival company, produced more than nine million cars and trucks.
Faraday Future To Build 10,000 Cars Per Year In New Hanford Factory
Faraday Future has leased a former tire plant in Hanford, California.
Tesla Model 3 Delivery Started, 30 Telsa Employees First To Get Hands On
Tesla Model 3 deliveries started on July 28 and 30 employees from Telso got the car keys.
Elon Musk Reveals First Images Of Tesla Model 3 Production Unit On Twitter
Elon Musk showed off the very first Tesla Model 3 unit on Twitter and Instagram.
BMW Is Set To Unveil Its Tesla Model 3 Competitor In September
Elon Musk has said that the entry-level Model 3 will cost $35,000. While a BMW Series-3 vehicle can be had for as little as $33,000. That said, if BMW’s entry-level can compete with the Model 3 on features and on specs.
Takata Bankruptcy Benefits Automakers Over Victims
Most of Takata's obligations are owed to automakers for recalling and replacing millions of its air bags, and the Japanese supplier's restructuring plan relies heavily on financial support from its customers.
MORE IN ITECHPOST
'Tokyo Ghoul' Season 3 Delayed By Its Live-Action Movie? Ken Kenaki Returns With Another Identity?
"Tokyo Ghoul" season 3's release is delayed and there are countless speculations as to why it is being pushed back. Reports claim that the show is to give way to "One Punch Man" and "My Hero Acdemia" but new rumors say that it's lack of materials and storyline as well as its live-action movie are causing the delay.
‘Resident Evil 7: Not A Hero DLC’ First Gameplay Trailer Leaks Online
First gameplay trailer pertaining to RE7: Not A Hero DLC has just leaked on YouTube.