Tesla Motors has officially released its production timeline for the Model 3, setting ambitious goals for the coming years. The company plans to initiate limited production of the Model 3 in mid-2017.
Looking further ahead, Tesla intends to ramp up production significantly, targeting a production rate of 500,000 vehicles per year by 2018. This aggressive target reflects the high demand and strong interest in the Model 3, as well as Tesla’s confidence in its manufacturing capabilities.
Meeting these production targets will be crucial for Tesla to fulfill its backlog of orders and establish itself as a major player in the mass-market electric vehicle segment. The company is investing heavily in its Gigafactory to support the increased battery production needed to achieve these goals.
Key milestones include:
- Mid-2017: Start of limited Model 3 production
- 2018: Target production rate of 500,000 vehicles per year
Tesla’s success in achieving these targets will be closely watched by the automotive industry and investors alike.
