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Tesla’s Musk says Model 3 gets regulatory nod for production

Posted by: Admin | Posted on: July 3rd, 2017 | 0 Comments


Tesla Inc’s high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.

“(Model 3) Production grows exponentially, so Aug should be 100 cars and Sept above 1500,” Musk said on Twitter. “Looks like we can reach 20,000 Model 3 cars per month in Dec.”

Musk said in May Tesla was on track to begin production of the $35,000 Model 3 in July.

Tesla expects to produce over 5,000 Model 3s per week by the end of this year and 10,000 vehicles per week “at some point in 2018”.

Reuters reported in February that the electric carmaker had shut down production at its California assembly plant for a week for production of the Model 3 sedan, in order to meet its target of starting production in July.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Amrutha Gayathri)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/-guehb5iQsY/us-tesla-model-idUSKBN19O0GE

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