Electric car maker Tesla Inc may have an announcement related to the release date of its first mass-market Model 3 sedan on Sunday.
Tesla Chief Executive Elon Musk said there would be « News on Sunday », in reply to a tweet by Sydney-based Douglas Bailey who asked Musk to end the speculation on the Model 3 release date. (bit.ly/2sYEhOE)
Musk had said in May that Tesla was on track to begin production of the Model 3 sedan in July. The car will be priced at about $35,000.
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 ».
Musk had said the car will first be offered only with two-wheel drive and that the all-wheel drive version will likely arrive early next year.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D’Silva)
