Tesla Model 3 Week

Tesla Model 3 Week

As June came to an end, Tesla CEO Elon Musk promised there’d be Model 3 news, then this past Sunday announced that the first Model 3 was expected to be completed on Friday, July 7th.

“If Tesla can satisfy the Model 3’s pent-up demand with a dependable and profitable vehicle it will finally justify a stock value that has it rivaling GM in capital value. If it can’t, Tesla will confirm many critic’s suspicions that it’s never had a truly sustainable business model,” Karl Brauer of Kelley Blue Book told The Verge. Tesla shares bounced back partially on Friday after tumbling earlier in the week.

And even the Wall Street Journal article (cited above) had a dollop of good news.  “The good news is…Tesla historically has had no difficulty accessing the capital markets…And despite a bad week, the shares are up more than 40% so far this year.”

No news is currently available on when Model 3 pre-orders will actually be available for pick-up by customers, but we assume that’s in the works. Obviously, this is going to be on a first-come-first-served basis, since there are in excess of 370,000 confirmed orders, possibly a lot more. It’s likely many of these customers will have to wait until late 2018 or early 2019 to get their hands on their very own Model 3.

Tesla Model 3 Week

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