Production of the Tesla Model 3 has begun at Fremont
- Electric car maker Tesla has begun production of its third model (logically named Model 3) at its Fremont, California site.
- This D-segment sedan is priced twice as low as the F-segment sedan (Model S), or about $ 35,000 compared to $ 70,000. According to the manufacturer, this competitive price is expected to significantly expand Tesla's customer base, with sales targets of 500,000 units in 2018, 750,000 in 2019 and 1,000,000 in 2020. Tesla has already received more than 400,000 orders for its Model 3.
- For the Model 3 ramp-up, Tesla is planning 30 units in July, 100 units in August, 1500 units in September, 5,000 units in October, 10,000 units in November and 20,000 units in December, or 36,630 units produced in 2017. By 2018, Tesla expects to be able to maintain a production pace of 30,000 units per month, or 350,000 units for the year as a whole. All current orders should therefore be able to be filled by the end of 2018. Afterwards Tesla will build all new orders .
- One must remember that the Fremont plant has a production capacity of 500,000 cars a year. Beyond 500,000 sales per year, Tesla will have to either expand its Fremont site or build a second production site.
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