Elon Musk just revealed when Tesla will deliver its first Model 3 cars
Tesla unveiled the lower-priced Model 3 sedan at the Tesla design studio in Hawthorne, California, on March 31, 2016.AP Photo/Justin Pritchard
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Tesla will deliver 30 Model 3 vehicles on July 28, CEO Elon Musk said via Twitter on Monday.
Musk said the Model 3 passed all of the regulatory requirements two weeks ahead of schedule, so the company is ready to ramp up production.
Notably, the company is on schedule to produce some 1,500 Model 3 vehicles by September and 20,000 Model 3 cars a month by December, Musk said.
Considering Tesla's history of production delays, that launch schedule for the Model 3 would be impressive.
The Model 3 will be Tesla's first mass-market car, and it is arguably the company's most important car yet. The vehicle, which was first revealed in March of last year, will be priced at $35,000 before incentives and is said to have a range of at least 215 miles a charge.
Tesla aims to produce 500,000 a year by 2018 and 1 million a year by 2020. The Model 3 is expected to make up a significant portion of those new vehicles.
After the company revealed the Model 3 last year, Tesla said it received about 400,000 preorders for the vehicle. But it's likely that the number has since increased.
Here are Musk's tweets:
Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500.
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