First Tesla Model 3 Rolls Off Production Line
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The Tesla Model 3 was unveiled by Elon Musk in early 2016. We were then left waiting until March 2017 to see a "release candidate version" of the car in action. Four months on, and the first $35,000 Model 3 just rolled off the production line and straight into Elon Musk's garage.
With the first car now manufactured, the next goal is having 30 more available for a launch celebration on July 28. Production then increases to 100 during August, 1,500 during September and then 20,000 per month from December onwards if all goes to plan.
— Elon Musk (@elonmusk) July 9, 2017
Production does need to scale quickly as Tesla is sitting on as many as 500,000 reservations, all of which were made with a $1,000 deposit.
According to Bloomberg, if Musk hits his production targets then Tesla will be the largest producer of battery-powered cars in 2018. Larger than all other car manufacturers combined such is the scale he has planned.
At $35,000, the Model 3 is much more affordable than the Model S, which will also make it much more popular. That's why Tesla decided recently to undertake a huge Supercharger expansion. There are currently 5,431 Superchargers spread across Tesla's global network. The aim is to have more than 10,000 before the end of 2017.
