Skip to content
Subscriber Only
Business
Economics

Elon Musk Says It’s ‘Pencils Down’ for Tesla’s Model 3

The designs are finished, and the massive—even 'romantic'—Gigafactory is spinning into motion.
1469621167_tesal full
Photographer: Tom Randall/Bloomberg

It's official: The pencils are down. 

Tesla Chief Executive Officer Elon Musk told a roomful of reporters on Tuesday that the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning.