Tesla Model 3 Slated for Second Half of 2017 as Model S and Model X Sales Reach Record Highs

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Tesla Model 3 Slated for Second Half of 2017 as Model S and Model X Sales Reach Record Highs

Tesla is gearing up for full rate production and delivery of the 2017 Model 3 in the second half of this year.  The Model 3 is currently in low-rate initial production for testing/prototype purposes while the manufacturing tooling is being installed at both the Fremont Factory and Gigafactory 1.  Concurrently, Tesla plans to expand its repair network in anticipation of the service requirements of a vastly larger Tesla fleet.

Meanwhile, fourth Quarter Tesla Model S and Model X sales saw a 49% increase from Q4 2015 as Consumer Reports bestowed Tesla with the best owner satisfaction of any car manufacturer, “with 91% of customers saying they would purchase from Tesla again.”

Tesla also reports that their Autopilot technology has reduced the accident rate of Teslas by 40% according to the NHTSA.

Read more here.

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