Tesla Model 3 Prototypes Are Not Yet Complete, Disappointing But Not Shocking
In its history, Tesla has not been the best at keeping up with its deadlines. For a while, it seemed that this would change as the company prepared to release the Model 3. The company affirmed over and over that it would start deliveries as promised. However, it is speculated that prototypes for the unit are at this point still unfinished, a detail that is both disappointing but not surprising.
As noted by Car And Driver, CEO Elon Musk had promised at the reveal of the Model 3 that the affordable electric car would start on deliveries within the fourth quarter of 2017. It was even confirmed that the design was finished by summer last year. However, the company's most recent 10-K filing with the United States Securities and Exchange Commission begs to differ.
“We expect that the next performance milestone to be achieved will be the successful completion of the Model 3 Beta Prototype,” the filing said. It then went on to state that an eligible prototype would be determined by its Board of Directors. In other words, the beta prototype might not have yet been completed. It is unclear as to what date the statement covers, because the SEC filing covers December 31, 2016, but has a March 1 date on the specific document filed.
As AutoBlog has reported, there might very well be prototypes already on the road, particularly because Tesla had confirmed that pilot production for the Model 3 would begin on February 20. A prototype would ideally have been chosen from this initial batch. Moreover, the EV company has claimed that it would start mass production of the car by July, which might as well be in the blink of an eye.
In Tesla's investors' note in February, the company again reiterated its July production. It has set goals to produce as much as 5,000 Model 3 unit every week by the end of the year. Eventually, it hopes to produce more than half a million Model 3 units by the end of 2018.
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.
Tesla Model 3 Hits Production This Week, First Car To Be Delivered This Month
The Model 3 will be priced around $35,000. Elon Musk envisions it reaching a much wider range of customers and has said he expects it to push Tesla’s output to 500,000 cars a year in 2018.
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.
MORE IN ITECHPOST
Volodymyr Buzkiv: 'In 2019 a web-studio cannot bring a reasonable profit unless it is open to an Asian market'
CEO of the largest Ukrainian web studio talking about business and entering the Asian market.
Embracing Bioinformatics in Gene Banks
The preservation of plant biodiversity is the task of the roughly 1,750 gene banks that are distributed around the world. So far, they store plant samples, and sometimes additional phenotypic or genetic information, of around 7,4 million accessions of plant species in total. It is expected that with the facilitated access to improved, quicker and cheaper sequencing and other omics technologies, the number of well-characterized accessions and the amount of detailed information that needs to be stored along with the biological material will be growing rapidly and continuously.
Top 5 Video Games to Play for a Truly Unique First Date
Video games have a way of taking us outside of ourselves and live in a fantasy world. It's even better when you're playing a game with someone special!