In a letter to shareholders, Tesla revealed more details regarding the production plan for the Model 3. The company said that it’s on track to manufacture 5,000 units of the EV per week by the end of the year. This number will then double to 10,000 in 2018, although a more specific time frame has not been given yet.
Tesla also mentioned that the preparations at production facilities are going as planned. The paint shop is already set up, while the installations of the body welding and general assembly lines for the Model 3 are progressing well. Meanwhile, the equipment installation at Gigafactory 1 needed to kick off volume production of cells, modules, battery packs, and drive units is underway.
Tesla will start making the Model 3 in July, while volume production is scheduled to kick off in September. For now, it looks like the company is on track to deliver on its promise, which is great news for the 400,000+ people who have pre-ordered the vehicle.
The company is working closely with all Model 3 suppliers in order to make sure that everything is set up before the EV goes into production. This is to make sure that there won’t be any delays in the manufacturing process, which could potentially push back the launch date of the Model 3.
The Model 3 is Tesla’s most affordable car to date, as it starts at $35,000. It’s expected to have a range of at least 215 miles and will go head to head with other EVs in the same price range including the Chevy Bolt, among others.