Price And Production Date

As far as production capacity goes, Musk claims the Model 3 production would currently require the combined international production of lithium ion batteries, hence the development of the Gigafactory.

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The giant Nevada battery factory–which is supposedly the largest building in the world, by footprint–is expected to churn out more lithium-ion batteries than the rest of the world combined, with the Fremont final assembly plant churning out a capacity of 500,000 cars a year.

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The car will start as promised at $35,000 and should begin deliveries late next year. So far Tesla already has at least 130,000 reservations for the Model 3 according to a giant counter they have displayed at the event.

It’s hard to understate the importance of this car to Tesla. In fact, an “affordable” electric car has been Elon Musk’s stated goal from the get-go, stretching back to as far as 2006. The Model S and the Model X, mind-blowing cars they may be, were merely considered stepping stones to this one.

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A lot is riding on it, not only for this company, but for drivers and the car industry overall. After all, building a “mainstream” car will mean Tesla faces its toughest production demands yet. The thousands of people who stood in line, for days in some cases, to put down reservations, is proof of how much demand exists.

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Up until now Tesla has been a relatively small player, one that catered to the luxury market but never in the same volumes as established players. Can Tesla keep up with the expectations that are clearly there for this car?

Further, as far as electric vehicles go, this is one of the most important ones yet. If Tesla can meet these sales volumes, the Model 3 will be a test of electric infrastructure as much as anything else.

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All I know is we can’t wait to get behind the wheel, and we hope it happens sooner than later.

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