Elon Musk revealed when Tesla will deliver its first Model 3 cars

Tesla will deliver 30 Model 3 vehicles on July 28, CEO Elon Musk said via Twitter Monday. 

Musk said that the Model 3 passed all of the regulatory requirements two weeks ahead of schedule, so the company is ready to ramp up production. 

Notably, the company is on schedule to produce some 1,500 Model 3 vehicles by September and 20,000 Model 3 cars per month by December, Musk said. 

Considering Tesla’s history of production delays, the timely launch of the Model 3 is impressive. 

The Model 3 will be Tesla’s first mass-market car, and arguably the company’s most important car yet. The vehicle, which was first revealed in March of last year, will be priced at $US35,000 before incentives and will have a range of at least 215 miles per charge. 

Tesla aims to produce some 500,000 per year by 2018 and one million per year by 2020. The Model 3 is expected to make up a significant portion of those new vehicles. 

After the company revealed the Model 3 last year, Tesla said it received about 400,000 pre-orders for the vehicle. However, it’s likely that number has since increased. 

Get the latest Tesla stock price here.

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