The first production run of Tesla’ s most affordable model will be ready this Friday after clearing all regulatory requirements, with the company holding a handover party for the first 30 customers on July 28. The Silicon Valley automaker plans to…<\/b>
\nThe first production run of Tesla\u2019s most affordable model will be ready this Friday after clearing all regulatory requirements, with the company holding a handover party for the first 30 customers on July 28. The Silicon Valley automaker plans to ramp up production to 100 Model 3 cars in August, 1,500 in September and 20,000 in December, according to CEO Elon Musk.
The Model 3 was first unveiled over a year ago at an event at Tesla\u2019s headquarters in Hawthorne, California and received over 250,000 preorders in the first few days. The highly anticipated four-door compact sedan is the company\u2019s first attempt at a mass market electric car with a starting price of $35,000 \u2014 not \u201ccheap\u201d but by far the cheapest in Tesla\u2019s range.
The average selling price with a mix of options is estimated to be closer to $42,000. That said, Tesla is keeping it very simple when it comes to configuration options, at least initially. \u201cI should say that we\u2019 ve kept the initial configurations of the Model 3 very simple, \u201d Musk said at a shareholder meeting last month. \u201cA big mistake we made with the X, which is primarily my responsibility \u2014 there was way too much complexity right at the beginning. That was very foolish.\u201d For now, Model 3 customers can essentially chose the color of the car and the size of the wheels.
Tesla aims to produce some 500,000 cars per year by 2018 and one million per year by 2020. As the most affordable model in the lineup, the Model 3 is expected to make up the largest portion of those new vehicles, and thus it\u2019s arguably the company’s most important car yet.<\/p>\n

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