Musk Shows Off First Tesla Model 3 on Twitter

Tuesday, 11 Jul, 2017

Some reports suggested that some of the first Tesla Model 3 cars will be handed over to its rightful owners during a special event at the Fremont plant. Reilly Fincl Lc has invested 0.02% in Tesla Inc (NASDAQ:TSLA). Model 3 can achieve half charge in 20 to 30 minutes at Tesla Supercharger stations.

The images of Musk's Model 3 came just days after Volvo announced that it would become the first traditional vehicle manufacturer to exclusively produce hybrid and electric cars, and would be phasing out the internal combustion engine (ICE) starting with its 2019 model year. "Expecting to complete SN1 on Friday". It then envisions building 100 cars-less than three a day-for the month of August, according to a series of Twitter posts by Musk last week. Future production goals are-to put it mildly-optimistic, with 10,000 Model 3s rolling out per week, or 500,000 per year, by 2018. The Wall Street Journal said 2,939 Teslas were registered during the month, almost double the number of vehicles registered in the second half of 2016.

Model 3 has good range- one of the perennial problems in the EVs is that a lot of them come with shorter range.

The roll out of the Model 3 will be slower than previous launches; ensuring the release of the vehicle is not as disastrous as that of the Model X, in which misaligned body parts, software issues, and a seatbelt problem resulted in a fleet wide recall. And on the occasion, the company also presented two official photos of Musk's new ride (he also owns the first Roadster and Model X, though not the first Model S as well).

Last month, on June 6 Electrek reported that Tesla will have limited configurations for the Model 3. Musk accepted that several customization options that went into the Model X made it too complex. With the Model S, Tesla offers four variants - a rear-wheel drive 75 model, an all-wheel drive 75D, a range-focused 100D and the performance-oriented P100D. But most of all, it's just $35,000.

The news comes amid Tesla increasing its presence in Asia with early plans to build a Gigafactory and manufacture cars in Shanghai's tech sector.

Tesla has big expectations for the Model 3, its first mass-market auto with a range of 215 miles. The electric auto company has plans to have ramped up the production to 1500 units by September and 20,000 by December. The Tesla Model 3 is targeting the middle class market.

Registrations of Tesla vehicles in California, without a doubt the largest market of the high-end electric auto maker, dropped 24 percent in April from a year earlier, as per the information from IHS Markit.

Similarly, the shape of the body makes the Model 3 seem like a sleek city vehicle, but under the surface, the shape plays a vital role in bringing a battery range of 215 miles to a auto that has a battery smaller than 60 kWh. The company has not updated that figure, though analysts have estimated it is now somewhere between 400,000 and 500,000.