Home / Tech / News / First production Tesla Model 3 expected Friday, Elon Musk says

First production Tesla Model 3 expected Friday, Elon Musk says

Tesla CEO Elon Musk announced that the first production model of the hotly anticipated Model 3, the company’s first attempt to bring an electric car to the masses, is expected on Friday. The news of SN1 (Serial Number 1) came in a tweet on Sunday night:

The first 30 Model 3 customers will receive their new Teslas on the 28th at a handover party, according to a second tweet from Musk. Production is then expected to grow exponentially: 100 cars in August and then more than 1,500 by September.

The car, which already has over 400,000 pre-orders, is expected to make its first deliveries in 2018. But speculation is already sky-high, with Tesla’s rabid fanbase clamoring for any glimpse or tidbit of news related to the upcoming vehicle.

The Model 3 was first unveiled over a year ago at a lavish event at Tesla’s headquarters in Hawthorne, California. At the time, Musk said he was “fairly confident” that deliveries will begin by the end of 2017, and “you will not be able to buy a better car for $35,000, even with no options.”

At a shareholder meeting last month, Musk said the first Model 3 customers would be limited in their ability to customize their orders — basically just color and wheel type. “I should say that we’ve kept the initial configurations of the Model 3 very simple,” Musk said. “A big mistake we made with the X, which is primarily my responsibility — there was way too much complexity right at the beginning. That was very foolish.”

Tesla’s sky-high valuation — it recently surpassed BMW’s market cap — depends largely on Musk’s ability to sell his vision of sustainable, battery-powered driving to a much broader population. The two current Tesla vehicles, the Model S and Model X, are both extremely expensive. Even with tax incentives, both cars easily push $100,000. The Model 3 will start at $35,000, making it the cheapest in Tesla’s range.

In order for Tesla to sell ten times as many cars as it does now, it needs a much cheaper automobile. That’s the Model 3. It’s the future of the company.


Source link

Check Also

This simple AirPods hack can dramatically improve the sound quality

Apple’s AirPods have always struck me as peculiar. Not just because of the shape, which …

Leave a Reply

Your email address will not be published. Required fields are marked *