First Tesla Model 3 to be Completed by Friday

Elon Musk tweeted late on Sunday night with big Model 3 news.

In his first tweet, he stated that the upcoming Tesla Model 3 had already passed all regulatory requirements two weeks ahead of schedule and that the first (SN1) Model 3 would be completed by this Friday. Earlier this year we reported that production of the Model 3 would begin in July despite Tesla’s first-quarter losses, and the EV maker managed to hit its goal.

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

In his second tweet, Elon Musk announced a handover party for the first 30 Model 3 customers on July 28^th. He then mentioned that Model 3 production would reach 100 cars in August and over 1500 in September.

Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500.

— Elon Musk (@elonmusk) July 3, 2017

His third tweet was the shortest and simply stated that Tesla Model 3 production will reach 20,000 units per month in December.

Looks like we can reach 20,000 Model 3 cars per month in Dec

— Elon Musk (@elonmusk) July 3, 2017

The Model 3 is expected to have an estimated range of more than 215 miles and should be able to sprint from 0-60 mph in about 5.6 seconds. Prices will start at around $35,000 before government incentives. We hope to learn much more about the car in the coming weeks.

In April, Tesla was valued at $48.2 billion, $3.1 billion more than Ford, putting the California-based EV automaker just behind General Motors. The announcement of Tesla’s value increasing comes after the automaker reported that worldwide shipments of cars topped 25,000 units, which exceeded analysts’ estimates.

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