Tesla Motors unveils the new lower-priced Model 3 sedan at the Tesla Motors design studio in Hawthorne, Calif., Thursday, March 31, 2016.AP Photo/Justin PritchardTesla will deliver 30 Model 3 vehicles on July 28, CEO Elon Musk said via Twitter Monday.
Musk said that the Model 3 passed all of the regulatory requirements two weeks ahead of schedule, so the company is ready to ramp up production.
Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 on Friday
— Elon Musk (@elonmusk) July 3, 2017
Notably, the company is on schedule to produce some 1,500 Model 3 vehicles by September and 20,000 Model 3 cars per month by December, Musk said.
Looks like we can reach 20,000 Model 3 cars per month in Dec
— Elon Musk (@elonmusk) July 3, 2017
Considering Tesla’s history of production delays, the timely launch of the Model 3 is impressive.
The Model 3 will be Tesla’s first mass-market car, and arguably the company’s most important car yet. The vehicle, which was first revealed in March of last year, will be priced at $35,000 before incentives and will have a range of at least 215 miles per charge.
Tesla aims to produce some 500,000 per year by 2018 and one million per year by 2020. The Model 3 is expected to make up a significant portion of those new vehicles.
After the company revealed the Model 3 last year, Tesla said it received about 400,000 pre-orders for the vehicle. However, it’s likely that number has since increased.
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