Last week Tesla announced that the first Model 3 would roll off the production line at the company’s plant in Fremont, California – two weeks earlier than originally planned. The first Model 3, painted in black, was produced on Friday – and it was quickly swooped up by CEO Elon Musk.
Now that the first Model 3 has rolled off the line, Tesla is hoping to produce at least 30 this month, which will be delivered to the first owners at a special “handover party” on July 28. Starting next month, production of the Model 3 will slowly ramp up with about 100 units planned in August and a more significant 1,500 Model 3 sedans expected to be produced in September. Tesla hopes to be producing around 20,000 Model 3 sedans by the end of the year.
The Model 3 will have a starting price of around $35,000 before any tax incentives, making it one of the first electric cars for the masses, alongside the Chevy Bolt. Tesla has reportedly received over 400,000 reservations for the Model 3, which means that it will be a while until many of the later reservations are fulfilled. If you were to place a reservation today, Tesla estimates that you won’t take delivery of your Model 3 until mid-2018 at the earliest.
Although the Model 3 will now be available, many would-be buyers may be disappointed to hear that Tesla is going to limit the amount of options on the first Model 3 sedans. All the first versions will only be offered with rear-wheel drive with basic color and wheel options. If you want a dual-motor Model 3 you’ll have to wait until 2018.