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Tesla Model 3 production on track for July

February 24, 2017.

Tesla Model 3.

Model 3. Photo © Tesla.

Elon Musk unveiled a year ago a new electric car Tesla, called Model 3 (after Model S and Model X). This entry-level car will have a range of 345 km and a price of 35,000 USD (45,770 CAD). Its speed can go from 0 to 100 km/h in less than 6 seconds. The Model 3 is essentially a pared-down version of the Model S, which debuted in 2012. Tesla has received almost 400,000 pre-orders for the Model 3. Tesla’s 2016 earning report and letter to shareholders revealed that production for Model 3 is on track to start in July 2017, with volume ramping up by September. The company predicts production will scale to “exceed 5,000 vehicles [per week] at some point in the fourth quarter.” By the end of 2018, Tesla expects to be producing 10,000 cars per week.

Mashable, “The Tesla Model 3 gets real in July.”

San Francisco Chronicle, “Tesla posts loss but says Model 3 rollout still on track.”