Tesla has confirmed that their new sedan, the Tesla Model 3 is on track to enter mass production in September.
The news was announced during the company’s recent earnings release, and the company is expected to produce 5,000 Model 3’s a week in the fourth quarter of 2017.
This will be increased to 10,000 per week in 2018, the company has a lot of cars to make as it has already received pre-orders of more than 400,000 Model 3 cars.
The company also announced that their Chief Financial Officer, Jason Wheeler is leaving the company to work in public policy and he will be replaced by former Tesla CFO Depak Ahuja.
Source ReutersFiled Under: Auto News