Tesla Model 3 rolls out starting Friday -Elon Musk

In the wee hours of Monday morning on the East Coast and around midnight in California, Tesla CEO Elon Musk fired off a series of tweets confirming that the carmaker’s ,000 Model 3 will commence production in July.

The Tesla Model 3 is going to be a very popular vehicle for Tesla, it is considerably cheaper than their previous models with a start price of $35,000.

Mr Musk said on Twitter that production would increase quickly, with 100 Model 3s produced in August and 1,500 or more in September. This is where the Model 3 steps in as the company’s people’s vehicle.

Last year Elon Musk had revealed that nearly 370,000 Model 3 have been pre-ordered.

Musk had said that production was on track to start in July, but Tesla has often faced delays in getting vehicles to market.

On June 29, a fan desperate to know when the Tesla Model 3 will be made available mustered up the courage to ask Musk himself about the release date of the vehicle. “Specifically, we worry that if Tesla has struggled to make money (and produce GMs [gross profit margins] above 25%) on its $100,000 Model X and Model S sedans, that it may be hard for it to make money on Model 3”. Oh, did we mention it’s an electric vehicle? When those orders are fulfilled, it will depend on your place in the pre-order queue. Model 3 would be the cheapest auto rolling out of a Tesla factory and it is supposed to be a mass-market vehicle. Apart from the 5-seat and 7-seat options, Tesla is also providing a 6-seat option for Model X, in which the center seat of the second row is forgone either for space or an option, to add a center console over there. Model S and Model X owners are already anxious about having to share Tesla’s company-owned charging stations with an influx of new cars.

The Model 3 has sparked strong demand and customers placing orders now are told they can expect delivery sometime in mid-2018. The release date for the Model 3. Tesla may use the handover party to reveal how much extras like premium seating and sound will set consumers back. The two current vehicles that Tesla offers, the Model S and Model X, are very expensive.