Elon Musk: The Model 3 will roll off the assembly line by Friday
【Summary】Tesla’s first Model 3, the long-awaited electric car that’s priced for the mass market, is expected to roll off the factory floor in Fremont, California on Friday, the company’s chief executive announced early Monday in a series of Twitter posts.
Tesla's first Model 3, the long-awaited electric car that's priced for the mass market, is expected to roll off the factory floor in Fremont, California on Friday, the company's chief executive announced early Monday in a series of Twitter posts.
The $35,000 Model 3 passed the necessary regulatory requirements two weeks ahead of schedule, and the first thirty owners will receive their cars at the end of this month, Elon Musk said, paving the way for an ambitious production timeline for the car.
Arriving on Schedule
Musk had said earlier this year that the Model 3 would arrive by July. The company appears to be making good on its stated trajectory, although Tesla has been beset by unexpected production delays and has overshot schedules in the past.
The first Model 3 customers will have the chance to get behind the wheel during a handover party on July 28th, Musk said.
Demand is so high for the vehicle, Musk has said, that customers who reserve one now won't see their cars until late next year. Tesla hasn't released order numbers since May 2016, when it said that 373,000 Model 3 reservations had been placed.
"This will be a long wait," Tesla CEO Elon Musk said at the company's annual shareholder conference in early June. "I'm guessing if you put a deposit down now, it's probably end of next year before you get it."
To make a reservation for a Model 3 car, Tesla customers only have to put down a fully refundable deposit of $1,000. So it's unclear how many of the reservation holders would turn into Model 3 buyers.
While some experts say that Tesla has learned from the production issues it faced with its SUV, the Model X, others have questioned the company's ability to sustain demand and to squeeze profits from its cutting-edge autos. "To produce niche cars like the Model X and the Model S is one thing, but to roll out a mass-market mainstream car is way more challenging from a production standpoint," said Jessica Caldwell, the director of industry analysis with the auto-research website Edmunds.com.
To get that volume of cars made and delivered on time, Tesla may have to change the way it makes its cars considerably. Tesla has only delivered a little over 100,000 cars in total over its lifetime. After the initial rollout, Tesla is slated to produce more than 1,500 of the Model 3's in September, and by the year's end, Musk expects the company to produce 20,000 units every month.
Tesla declined to comment further at this time.
Originally hailing from New Jersey, Eric is a automotive & technology reporter covering the high-tech industry here in Silicon Valley. He has over 15 years of automotive experience and a bachelors degree in computer science. These skills, combined with technical writing and news reporting, allows him to fully understand and identify new and innovative technologies in the auto industry and beyond. He has worked at Uber on self-driving cars and as a technical writer, helping people to understand and work with technology.
Electric Vehicle Startup Rivian Shares an Update on its Illinois Factory That Was Once Owned by Mitsubishi Motors
Amid the Coronavirus Crisis in the U.S., the Trump Administration Moves Forward on Rolling Back Vehicle Fuel Economy Standards
Exor to Invest $200 million for a 9% Stake in Ride-Hailing Company Via Transportation
Air Taxi Startup Lilium Raises $240 Million in Fundraising Round Led By Tencent
Self-Driving Truck Startup TuSimple Announced Partnership with Auto Supplier ZF for the Production of Autonomous Trucks
Baidu is Building a 5G-Powered, 20 Square Kilometer Test Site for Connected & Autonomous Vehicles in Chongqing, China
Production of the Electric Performance Polestar 2 Begins in China
Chinese Automaker Geely is Delivering Keys by Drone for New Vehicle Purchases
- Mobileye CEO Claims Robotaxis Are Coming as Soon as 2022
- Goodyear’s Latest Tire Concept is Capable of Regenerating New Tread
- Chinese EV Startup XPeng Motors Granted Permit to Test its New P7 Sedan on Roads in the U.S.
- Audi Vehicles Can Now Communicate with Traffic Lights in Düsseldorf, Germany
- Electric Automaker Tesla is Forced to Reduce its Workforce By 75% at its Fremont, California Factory
- Uber Shares Surge 37% After its CEO Says the Ride-Hailing Giant Has $10 Billion in Cash to Weather the Coronavirus Crisis
- Honda Planning to Debut Level 3 Autonomous Car in Japan Next Year
- Nissan Looks to Expand Electric Vehicle Powertrains With e-4ORCE Platform
- Fiat Chrysler & Foxconn Plan an Electric Vehicle Joint Venture in China
- NVIDIA Announces DRIVE AXG Orin, One of the Most Advanced Platforms for Autonomous Vehicles