Elon Musk Says Model 3 Production Will Begin Friday

  • Carmaker targets 100 in August, 20,000 a month in December
  • Model culmination of Tesla’s 15-year quest to reach mainstream

Tesla Fans Get Much-Anticipated News on Model 3

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Tesla Inc.’s mission-critical Model 3 will start production on Friday before beginning a rapid ramp-up targeting a rate of 20,000 a month in December.

“Expecting to complete” the first car Friday, Chief Executive Officer Elon Musk wrote in a late-night Tweet, adding that it passed all its regulatory requirements for production two weeks ahead of schedule.