Tesla’s Elon Musk had promised to provide updates about the release of the highly anticipated Model 3. And after several teasers including the ones on his Twitter page, he finally confirmed their arrival. He had announced recently that during a special ceremony on July 28, the first 30 Tesla Model 3s will be delivered to their respective owners.
Luckily for them, the Tesla Model 3 passed the regulatory requirements needed for production earlier than expected - two weeks ahead to be specific. Having said that, the entry-level model will be delivered six months ahead of time too.
Elon Musk posted on Twitter on July 3 that the Model 3 passed the production requirements early. He then added “Expecting to complete SN1 on Friday”. The company seems to be moving quickly with their new entry-level car.
Since reality seems to have turned out better than what Tesla expected, the company will be ramping up production exponentially. In August, they plan to build 100 cars in August, over 1,500 units in September, and as many as 20,000 units per month in December. These schedules were taken from Musk’s Twitter updates. Those numbers do look ambitious but if everything turns out well in terms of production, Tesla will be able to easily hit those targets.
Tesla has already taken 500,000 orders of the Tesla 3 model, which has a starting price of $35,000. This price tag does not yet include any of the incentives. The car will have a driving range of over 215 miles (346 kilometers), and it can sprint from zero to 60 miles per hour in just 5.6 seconds. Pretty impressive for an entry-level car huh?
At this point, the first Tesla 3 owners will only be able to choose the exterior color and the wheel size of their new car, since the company will be extra busy in the next couple of months and will be focused on ramping up production.
In other matters, even if things are going very quickly for Tesla, they still continue to encounter some challenges. On Monday, Tesla admitted that it had experienced a “severe shortfall” on the 100-kilowatt battery packs made on the new assembly lines. So until June, they were actually short on battery packs, around 40% below demand. However, supplies had improved much since then.
The Tesla 3 is the company’s first and most awaited mass-market electric car. Therefore, the Tesla 3 is a critical test for Musk in order to turn the company into a producer of mass-market electric cars. The company has made a number of luxury cars in small batches, but this is the first time it will be producing huge numbers of vehicles.