>> I hope you'd agree that is the right way to go.>> Tesla's first mass market vehicle, the Model 3, will begin rolling off the assembly line Friday, two weeks ahead of schedule, according to CEO Elon Musk. Musk tweeting, handover party for first 30 customer Model 3's on the 28th!
Production grows exponentially, so August should be 100 cars and September about 1,500, adding, looks like we can read 20,000 Model 3 cars per month in December. The Model 3, priced around $35,000, a key product for the company as it looks to sell its electric vehicles to a much wider range of consumers.
Until now, a select few have paid the average $90,000 cost of its luxury cars, including the Model S sedan and Model X SUV. Tesla's previous launches for those models were hit by production delays and initial quality issues. That track record had made some Wall Street analysts skeptical about the new Model 3's proposed July launch, but the Model 3 now passing all regulatory requirements.
Tesla sold about 80,000 cars in 2016 compared to the roughly 10 million sold by General Motors, but investors are clearly betting on Tesla's future. Its market cap in April surpassing GM's, and now the largest for any US automaker.