Tesla’s mission-critical Model 3 is running two weeks ahead of schedule, says Elon Musk
The car is the culmination of Tesla’s 15-year quest to reach mainstream consumers with a smaller, more affordable electric car
San Francisco — Tesla investors, customers and fanboys got some much-anticipated news on the Model 3 timeline when CEO Elon Musk announced that the mission-critical model has passed all its regulatory requirements for production two weeks ahead of schedule. The company will hold a handover party for its first 30 customers of the Model 3 on July 28, Musk wrote in a Twitter post. The Model 3, the company’s most affordable car yet, had been expected to begin production in July, but there had been little news on how the preparations at Tesla’s factory in Fremont, California, were progressing. When a Twitter follower of the CEO asked him last week to "please have mercy" and give more information on the release, Musk responded cryptically that he would offer "news on Sunday". Investors have pushed Tesla shares up 69% this year in anticipation of the Model 3. The Palo Alto, California-based company delivered 25,051 vehicles in the first quarter and aims to make 500,000 in 2018 and 1-millio...
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