Tesla Model 3 gets approval for production, India launch next year

Tesla's previous launches for its Model S sedan and Model X sports utility vehicle were hit by production delays and initial quality issues.

By: | Updated: July 3, 2017 12:44 PM

Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night."(Model 3) Production grows exponentially, so Aug should be 100 cars and Sept above 1,500," Musk said on Twitter. "Looks like we can reach 20,000 Model 3 cars per month in Dec."Expecting to complete SN1 on Friday," Musk added.SN1 is the first car off the assembly line for sale, a person familiar with the matter confirmed to Reuters. Musk said in May Tesla was on track to begin production of the $35,000 Model 3 in July.Tesla had said earlier, it expected to produce over 5,000 Model 3s per week by the end of this year and 10,000 vehicles per week "at some point in 2018".Reuters reported in February that the electric carmaker had shut down production at its California assembly plant for a week for production of the Model 3 sedan, to meet its target of starting production in July.

Tesla's previous launches for its Model S sedan and Model X sports utility vehicle were hit by production delays and initial quality issues. That track record meant some analysts were skeptical about the model's July launch.

Do you know What is Automated Manual Transmission (AMT), Electronic Brakeforce Distribution (EBD), Anti-Lock Braking System, Power Steering? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Get the latest cars price and upcoming bikes price in India exclusively at Financial Express. Stay tuned for new cars and bikes reviews, follow us on twitter, Facebook and subscribe us on YouTube for latest auto news.

Next Stories
12018 Maserati Gran Turismo revealed, India launch by next year
2Tata Nexon spotted once again, launch date, specs, price and features
3New 2018 Honda Jazz facelift revealed in Japan, India launch by next year