Tesla Is on Track to Deliver Us Into the Next Age in Energy – Futurism

In Brief

From its incorporation ofsolar glass technologyto its affordable $35,000 price tag, the Tesla Model 3 has been making headlines since it was announced. In the 36 hours following that announcement, Tesla secured over 270,000 preorders for the vehicle,but whats even more exciting is the fact that this highly anticipated zero-emission car may actually arrive on time.

According to a letter to investors, the Model 3 is expected to begin production in July, and deliverieswill begin later in 2017. Tesla is already building prototypes of the vehicle, and the company has noted that production will begin at 5,000 vehicles per week and slowly ramp up to 10,000 vehicles per week in 2018.

With that said, Teslas Gigafactory will be booming. With 550 new hires and an additional $350 million investment, the Nevada factory will produce the electric motors and gear boxes for the newest and most affordable Tesla, while other parts will be manufactured in California.

Teslas most recent rollout,the Model S, costs around $70,000, so the Model 3 will be just what the company needs to finally be able to compete with other affordable electric cars like the Nissan Leaf and Chevy Bolt, which sit within a similar price range of the Model 3.

All we have to do now is count the seconds until the second half of 2017.

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Tesla Is on Track to Deliver Us Into the Next Age in Energy - Futurism