Tesla Model 3 Production Scheduled to Begin July 7 | Edmunds

Tesla Model 3 Production Scheduled to Begin July 7

Production of the Tesla Model 3 sedan will start this week, according to CEO Elon Musk. He released the information in a series of tweets late Sunday night. Tesla targeted July for the start of Model 3 production, so development of the Model 3 appears on track.

The first production vehicle is scheduled to roll down the assembly line on Friday, July 7, according to Musk. A delivery party for the first batch of customers is expected to happen at the end of the month. Those initial customers will likely be VIPs and current Tesla owners who were high on the waiting list.

According to Musk, production will ramp up "exponentially" in August to about 100 cars and to 1,500 cars in September. By December, Musk expects Tesla to further push production to around 20,000 Model 3s a month. This is considerably less than the production level he was expecting in early 2016 when he told investors, "So as a rough guess, I would say we would aim to produce 100,000 to 200,000 Model 3s in the second half of next year."

Tesla has previously claimed to have as many as 400,000 orders for the Model 3, so buyers already on the waiting list aren't likely to get their car in 2018 unless Tesla is able to ramp up production significantly. According to Tesla's website, new reservations won't be delivered until "mid-2018 or later."

The Model 3 is the least expensive model yet from Tesla with an expected starting price of around $35,000, after a $7,500 federal electric vehicle rebate. It's designed to have a range of over 200 miles and performance on par with luxury sport sedans such as the Audi A4 and BMW 3 Series.

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