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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.
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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.