Tesla Model 3 production starts ahead of schedule

Elon Musk has announced that the Model 3 production starts on Friday, with first deliveries starting on July 28th.

It was previously stated that Tesla plans to unveil the final production version of the Model 3 in July, with deliveries starting sometime during the summer, meaning that the company is ahead of the schedule, which is good news for the company and its shareholders.

Musk stated that Tesla Motors will deliver the first thirty Model 3's on July 28th, with production growing exponentially. In August, they plan to manufacture 100 cars, and in September above 1,500. By the end of the year, they should reach 20,000 cars per month.

Back in May, Musk revealed that the day-1 reservation holders would get "something cool," but he didn't specify what he had in mind. We should find out soon enough.

The company unveiled the prototype version of the $35,000 electric car last year, and although it didn't show the final design of the car, Tesla got more than 400,000 reservations in a couple of months.

Tesla anticipates the Model 3 will deliver an all-electric range of at least 215 miles (346 km), with the base model pricing in the US market starting at $35,000 before any applicable government incentives.