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03 July 2017

First Tesla Model 3 to be Completed by Friday

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Elon Musk tweeted late on Sunday night with big Model 3 news.

In his first tweet, he stated that the upcoming Tesla Model 3 had already passed all regulatory requirements two weeks ahead of schedule and that the first (SN1) Model 3 would be completed by this Friday. Earlier this year we reported that production of the Model 3 would begin in July despite Tesla’s first-quarter losses, and the EV maker managed to hit its goal.

In his second tweet, Elon Musk announced a handover party for the first 30 Model 3 customers on July 28th. He then mentioned that Model 3 production would reach 100 units in August and over 1500 by September.

His third tweet, the shortest, simply stated that Tesla Model 3 production will reach 20,000 units per month in December.

The Model 3 is expected to have an estimated driving range of more than 215 miles and should be able to reach 060 mph in about 5.6 seconds. Prices will start at around $35,000 before government incentives.

We also learned that the Model 3 will have a 15-inch center touchscreen, which is slightly smaller than the one on the Model S. The Model 3 will offer 14 cubic feet in front and rear trunk cargo volume, compared to the Model S’ 30 cubic feet. We should learn much more about the sedan in the coming weeks.

In April, Tesla was valued at $48.2 billion, $3.1 billion more than Ford, putting the California-based EV automaker just behind General Motors. The announcement came after the automaker reported that worldwide shipments of cars topped 25,000 units, which exceeded estimates.

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