Tesla Model 3 production starts today
Production of all-electric saloon will reach 20,000 units per month from December.
The first customer Tesla Model 3s will be built today in time for a handover event over on the 28 July.
Production for the all-electric four-door will then be ramped up exponentially, with 100 cars produced in August, more than 1500 produced in September and then 20,000 produced per month from December.
The Model 3 has an entry-level price of $35,000 (about £28,000) and has been ordered by around 500,000 customers, which is the maximum output possible at Tesla's new battery-producing Gigafactory in Nevada.
Production starts as Tesla injects $1 billion (around £800 million) of investment into the company, something CEO Elon Musk has previously said would help the company meet the high demand requirements of its newest model.
The manufacturer has raised capital to help production and ease the financial risk associated with the production run, which led to a rise in its share price that was also helped by reports of its future model plans, including the Model Y compact SUV, according to New York financiers.
Source: autocar.co.uk
Production for the all-electric four-door will then be ramped up exponentially, with 100 cars produced in August, more than 1500 produced in September and then 20,000 produced per month from December.
The Model 3 has an entry-level price of $35,000 (about £28,000) and has been ordered by around 500,000 customers, which is the maximum output possible at Tesla's new battery-producing Gigafactory in Nevada.
Production starts as Tesla injects $1 billion (around £800 million) of investment into the company, something CEO Elon Musk has previously said would help the company meet the high demand requirements of its newest model.
The manufacturer has raised capital to help production and ease the financial risk associated with the production run, which led to a rise in its share price that was also helped by reports of its future model plans, including the Model Y compact SUV, according to New York financiers.
Source: autocar.co.uk
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