During Tesla‘s quarter one 2016 revenue call, Tesla CEO Elon Musk revealed that Tesla is in the final stages of Model 3 design and expects to reach engineering completion by end of June. Musk likewise dropped a formerly unheard bit that Model 3 prototypes utilized during test rides at the March reveal event were geared up with production drivetrains.
Tesla has declared that it anticipates to begin volume production of its $35,000 Model 3 towards completion of 2017. Having also revealed a brand-new lofty goal of producing 500,000 vehicles per year in 2018, two years ahead of its initial 2020 date– now set to 1 million automobiles each year, Tesla has turned its efforts to develop and engineering simplicity.
Musk stated, “from an engineering standpoint, we are already almost complete with the design of Model 3. […] So I think we feel pretty good about engineering completion of the last items probably within six to eight weeks, thereabouts. And so we’re sort of completing the final release for tooling no later than the end of June”.