gamesindustryblog.com
gamesindustryblog.com July 26, 2017


Elon Musk Tweets Photos Of New Tesla Model 3, Production Underway

11 July 2017, 12:45 | Candice Butler

The first production of the much anticipated Model 3 from Tesla is seen in a snapshot shared by the company’s CEO Elon Musk

The first production of the much anticipated Model 3 from Tesla is seen in a snapshot shared by the company’s CEO Elon Musk

In March, a total of 2,939 Tesla vehicles were registered, and approximately 3,700 were recorded for the first quarter of 2017.

From what was seen at Tesla's first reveal of the Model 3, the car's dashboard is reminiscent of a computer terminal, like the ones on the Model S and Model X.

Many in the industry took the intense interest as a sign that consumers were finally willing to embrace more environmentally friendly vehicles. But not everyone needs an electric auto that has a range like the Bolt, if they're only going to use it for a 10-mile commute to work every day.

Also last week, Volvo became the first traditional automaker to electrify its entire lineup, with every vehicle coming with at least one electrified motor either in addition to or in place of the internal combustion engine by 2019. "At the end of the day, when people love something, they buy it", the spokesperson said. The question for Musk is whether his company will continue to lead the movement it helped spark.

"A great PR and morale booster would be to have a lottery of factory workers who have reserved the model 3 and deliver their cars".

Tesla's Gigafactory in Reno, Nevada will play a key role in Tesla's lofty vehicle production plans.

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Musk shared some snaps of the shiny Model 3 over the weekend, after it rolled off the production line on Friday. All this makes the Model 3 an everyday vehicle. It's an aggressive schedule that will more than double Tesla's total production rate in six months, and then quintuple it by the end of next year. One of those additions, an advanced cruise-control technology marketed as Autopilot, seemed to promise drivers a taste of a future where vehicles can drive themselves. Musk accepted that several customization options that went into the Model X made it too complex. Up until this year, access was free for the vehicle.

The first drive of a Model 3 test auto in March. But this is not for Ehrenpreis to use; rather this Tesla Model 3 will serve as his 46 birthday gift to Musk which the latter acknowledge on his Twitter account.

Tesla added that it believes the Hong Kong market will be strong in the long-term, saying "it's to be expected that demand will be impacted in the period immediately following the change".

Musk has said he does not anticipate production problems with the Model 3. The door handles, for example, look like the handles of any modern vehicle until you move closer and realize they lay flat against the sides of the auto, a design cue taken from the Model S and Model X.

The Gigafactory is already producing batteries, but it won't be fully operational until 2020.

In other Tesla news, insider Jeffrey B. Straubel sold 109,100 shares of the company's stock in a transaction that occurred on Tuesday, May 9th. The stock of Tesla Inc (NASDAQ:TSLA) has "Underweight" rating given on Tuesday, April 19 by JP Morgan. The company has not updated that figure, though analysts have estimated it is now somewhere between 400,000 and 500,000.



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