Last week Elon Musk told the world, via Twitter, that the first production model of the company’s highly anticipated Model 3 would be coming last week. Last Saturday Elon Musk posted two photos of the vehicle on Twitter and welcomed the Model 3 into the world.
However, this is just the beginning for the Model 3. Earlier this month, Musk said the company will be delivering the first 30 cars to owners at a launch party on the 28th of July. By the end of August, the company is aiming to be rolling 100 cars off the production line, 1,500 cars by the end of September, and almost 20,000 cars per month by the end of December. Tesla will need to sustain this exponential growth, as the company has close to 500,000 pre-orders to fulfill.
Musk also announced that he will be the lucky owner of SN1, thanks to Ira Ehrenpreis. Ehrenpreis, a Tesla Board Member, placed the first full deposit on the Model 3 but gave the rights of the SN1 to Musk as a birthday present. After a slide in Tesla’s stock last week, the Model 3 will need to be a success, or Tesla will be in serious jeopardy of going under. Nonetheless, this is just the beginning of an exciting journey for the Model 3 and the future of electric vehicles.