Tesla Inc.’s Model 3 Deliveries Start This Week

Ahead of the Model 3’s launch this week, Tesla’s confidence in its ability to ramp up production of the vehicle is quite astounding. Initially aiming for the $35,000 vehicle to help Tesla achieve total annual production of 500,000 units by 2020, last year Tesla moved this target two years earlier, to 2018. This represents an astronomical jump in production compared to where Tesla is at today; ahead of this week’s Model 3 launch, the automaker is only producing vehicles at an annualized rate of about 100,000 units.