The Scotsman - - Motoring/News -

The first pro­duc­tion Tesla Model 3 is ex­pected to be com­pleted to­day (Fri­day), com­pany founder Elon Musk has said.

Musk an­nounced via Twit­ter the news of the first car near­ing com­ple­tion, as well as a han­dover party for the first 30 cus­tomers of the Model 3 on 28 July.

The South-african born busi­ness­man also con­firmed pro­duc­tion would grow ‘ex­po­nen­tially’, with 100 cars pro­duced in Au­gust and ‘above 1500’ in Septem­ber. He also fore­casted as many as 20,000 Model 3 could be made in De­cem­ber.

Pro­duc­tion of the Model 3 is ex­pected to ap­proach 500,000 units an­nu­ally in 2018.

At the car’s un­veil­ing in 2016, Musk said he was “fairly con­fi­dent” de­liv­er­ies of the Model 3 would be­gin by the end of 2017 and that “you will not be able to buy a bet­ter car for $35,000 (£27,000), even with no op­tions.”

In or­der to cope with the pro­duc­tion lev­els, Musk said at a share­holder meet­ing last month that the first Model 3 cus­tomers would have a lim­ited choice of cus­tomi­sa­tion op­tions for their cars, stat­ing: “I should say that we’ve kept the ini­tial con­fig­u­ra­tions of the Model 3 very sim­ple. A big mis­take we made with the X — there was way too much com­plex­ity right at the be­gin­ning. That was very fool­ish.”

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