Tesla Model 3 Will Not Release Until Very End Of 2018: Analyst

Posted: Nov 24 2016, 9:57pm CST | by , Updated: Nov 25 2016, 10:03am CST, in News | Cars & Vehicles

 

Tesla Model 3 Will Not Release Until Very End of 2018: Analyst
Credit: Electrek
  • Tesla Model 3 delayed until very end of 2018?
 

The delay has raised questions on whether Tesla will even be able to deliver by then

Tesla Model 3 release date has been delayed and the car will not arrive in markets at least by the end of 2018. Model 3 is one of the most highly anticipated cars by Tesla.

According to Tesla they will start the production of the Model 3 by mid-2017. But many are skeptical if Tesla will be able to deliver on its promise. Because so far Tesla’s manufacture history says they have not been able to meet any of their previous deadlines.

The delay is forecasted by Morgan Stanley analyst Adam Jonas who stated the first batch of Model 3 may be delayed as long as 12 months. 60 thousand units are expected to be delivered in 2019 while 130 thousand are expected to be delivered in 2020, according to Electrek

Tesla Model 3 is expected to be a class apart from any other model by the automaker ever before. Even now the reservations for Tesla Model 3 have already gone somewhere in the 400,000 range.

Even the manufacturing of the Tesla Model 3 will be quite a difficult job compared to the Model X. the Model 3 will require Tesla to make sure their gargantuan Gigafactory in Nevada is able to make battery packs on lightning speed. 

Although the signs are not in their favor Tesla seems to have some very bold manufacturing ambitions. Tesla had previously maintained they want to reach a manufacturing capacity of 500,000 vehicles by 2020.

But a few months ago Tesla retracted the statement saying they now hope to reach the milestone sooner by 2018. The ambitions may be due to the never ending optimism of Tesla CEO Elon Musk, but everyone shares the same views. 

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