The Telsa Model promises to be one of the most exciting automobiles released possibly ever. The power of Tesla’s electric vehicle system, made affordable for almost everyone. It’s scheduled for release in 2017, and preorders have been wildly successful so far. So why hasn’t Tesla finished the Model 3 design yet?
According to statements released by Tesla this past Tuesday, the Model 3 design is not done yet. That’s cutting it extremely close for a EV that’s got over 490,000 preorders currently and counting.
The electric car maker is cutting it close for a car that is supposed to ship in 2017. With plans to expand their Fremont production plant to accommodate the new Model 3, the metaphorical clock is ticking.
Tesla reports that the process behind the Model 3 design and parts for manufacture have yet to be determined. With the Model 3 scheduled for production in less than 18 months, it’s a concern for preordered Model 3 customers.
Missing deadlines is something that Tesla has managed well in the past however. They’ve missed launches of the Model S and Model X SUV, and it hasn’t impacted their success at all.
Once the Tesla Model 3 design is completed, the affordable electric sedan should go a long way in ensuring the future of the Silicon Valley based automaker. With a starting price of $35,000, the Tesla Model 3 will transform and boost Tesla’s production process.
“We are currently evaluating, qualifying and selecting our suppliers”
was what Tesla’s report to the United States Securities and Exchange Commission. Tesla CEO Elon Musk doesn’t seem fazed or worried however, in fact just last week he announced that the plans for the Fremont plant would be accelerated.
The figures for the Northern California plant aim to produce more than 500,000 vehicles in 2018 alone. In a recent conversation with various analysts, Musk went on to state that the final changes for the Model 3 design would take roughly 6-9 more weeks.
It’s all part of Musk’s aim to finally push Tesla into the black, as the Silicon Valley automaker posted losses of $248 million. With the overwhelming number of preorders and influx of operating capital however, Tesla could ramp up their efforts rather quickly.
In fact according to experts, Tesla is projected to spend more than $2 billion in the next three quarters. This includes their ambitious plans to expand their vehicle battery cell factory to it’s new Reno, Nevada plant.
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