Tesla Model 3 arrives Friday, two weeks ahead of schedule
{{#rendered}} {{/rendered}}(Tesla Model 3)
Well, this is interesting: late last night, Tesla CEO Elon Musk announced that the long-awaited Model 3 had been cleared for production, and the vehicle bearing the coveted "01" serial number will roll off the assembly line this Friday.
For those keeping track, that's a couple of weeks sooner than expected--which is highly unusual, given Tesla's history of production delays.
Musk shared the good news on Twitter, as one does these days:
{{#rendered}} {{/rendered}}He went on to say that there would be a handover party for the first 30 vehicles on July 28 and that by December, the company would likely be producing about 20,000 of the all-electric sedans per month.
That's good news for Tesla fans and the company's investors. Though it's been months since Tesla released figures on how many Model S vehicles have been reserved, the number appears to rest somewhere between 400,000 and 500,000. Even if only half of the people who put down $1,000 to get one of the new cars follow-through with their purchases, that's huge demand for Tesla to meet--especially considering that Tesla only built around 84,000 vehicles during the entire 2016 calendar year.
How is Tesla achieving that feat?
{{#rendered}} {{/rendered}}For starters, production of the Model 3 is largely automated--certainly more automated than production of the Model S and Model X. Obviously, that allows Tesla to turn out more vehicles faster.
Also, as Musk said early last month during a conference call with investors, buyers currently have only two customization options with the Model 3: color and wheels. Over time, the range of options will broaden, no doubt, but by keeping variations to a minimum, manufacturing can be sped up. Model 3 can currently be ordered in about 100 different configurations, while the Model S has closer to 1,500.
The Model 3 is expected to be a game-changer in the electric car field. Starting at $35,000, it's Tesla's first model with a mass-market pricetag. Demand is expected to grow, and the company plans to produce 500,000 Model 3s next year.
{{#rendered}} {{/rendered}}In gearing up for the Model 3's arrival, Tesla has begun laying the groundwork to keep future owners happy. It's adding service centers, mobile repair units, and its first-ever body repair shops.
For more on this story, visit our colleagues at Green Car Reports.