Tesla will start delivering the Model 3 to US customers in late fall (TSLA)

pulse

August 2, 2017 9:51 PM

Tesla wrote in its earnings letter that it will begin delivering the Model 3 to non-employees in the fourth quarter of 2017.

Customers who ordered a Model 3 can expect deliveries to begin in late fall.

Tesla said in its second-quarter earnings letter that deliveries to non-employees will occur in the fourth-quarter. International buyers shouldn't expect deliveries to begin until late 2018, starting with left-hand drive markets.

Tesla delivered on Friday its first 30 Model 3 vehicles to employees at a handover party at its factory in Fremont, California.

Tesla said it is receiving 1,800 net orders for the Model 3 per day since Friday, highlighting huge demand for the company's first mass-market vehicle. Tesla said the vehicle is sold out until at least mid-2018 for customers who order today.

Tesla now faces the difficult task of ramping up production to 500,000 vehicles a year. It plans to be producing 5,000 of the vehicles per week by the end of 2017.

Follow our live Tesla earnings coverage for more.

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