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Elon Musk Just Said When the Cheaper Tesla Model 3 Is Coming

Aric Jenkins
By
Aric Jenkins
Aric Jenkins
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Aric Jenkins
By
Aric Jenkins
Aric Jenkins
Down Arrow Button Icon
July 3, 2017, 2:08 AM ET

The release date for perhaps the world’s most anticipated automobile has been revealed at last.

Elon Musk announced late Sunday on Twitter that the first production Tesla Model 3 vehicle is expected to roll out on Friday, with the electric car having “passed all regulatory requirements for production two weeks ahead of schedule.”

He then revealed in subsequenttweets that a handover party for the first 30 Model 3 owners will be held on July 28, while production is expected to “grow exponentially” from 100 cars in August to over 1,500 in September, before probably reaching a production pace of 20,000 vehicles a month in December.

The Tesla CEO had previously said the production version of Tesla’s newest vehicle would be showcased in July. Musk unveiled the concept edition of the Model 3 in March 2016, prompting thousands of eager customers to place advance reservations for the car.

Musk’s latest reveal came to a head after a Twitter user pleaded with the CEO to “have mercy” on Tesla fans.

“The speculation on the Model 3 final release date has to stop,” the user tweeted at Musk on Friday.

“News on Sunday,” Musk replied.

News on Sunday

— Elon Musk (@elonmusk) June 30, 2017

The Model 3 is being billed as a mid-range, consumer-friendly option and is Tesla’s cheapest vehicle to date. The four-door sedan is equipped with autonomous, “autopilot” maneuvering and supercharging capabilities across Tesla’s nationwide network of chargers.

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Aric Jenkins
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