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.
Elon Musk Confirms Model 3 Backlogs Will Be Finished By 2018
The world is watching Tesla as it tries to deliver on its promises for a mass produced electric car that is both efficient and affordable. Despite doubts, CEO Elon Musk has stuck by his initial promises.
Tesla To Cut Down Battery Cost, Long Range EV Driving Is Possible
At this point in time, the idea of long range driving an electric vehicle seems farfetched and expensive. But if Tesla wants to change this idea by lowering the battery costs and it is slowly become a reality.
Tesla Model 3 Production Undeterred By Union Threat, Will Proceed As Scheduled
Tesla may already have a few things against it this year, but the company is not going to let anything deter its delivery schedule of the Model 3 - not even a union threat.
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.
MORE IN ITECHPOST
Top 5 Ways to Make Your Skin Glow
Transforming your skin should not be a huge challenge. We've prepared some expert tips from dermatologists and other skin professionals. These tips will help you restore the radiant and healthy, natural glow on your skin. First appearances count, so take the time to study these tips and use the products mentioned. You'll find that maintaining that youthful glow is not a big deal.
All Plastic Waste Could Become New, High-quality PlasticTthrough Advanced Steam Cracking
A research group at Chalmers University of Technology, Sweden, has developed an efficient process for breaking down any plastic waste to a molecular level.
'Red Dead Redemption 2' Trailer Shows Amazing 4K60 Quality
'Red Dead Redemption 2' trailer is here and it shows its amazing graphics in 4k at 60 fps.