Tesla delivers first Model 3 s in – where else – Silicon Valley

The Silicon Valley Business Journal reports:

Nearly 200 people flooded Tesla’s Palo Alto showroom Thursday night to get a look at the first Model 3 cars to arrive in its retail stores.

At Thursday’s invite-only celebration at the Stanford Shopping Center, attendees got to get up-close and personal with the Model 3, aimed at being Tesla’s first mass market car. Priced at $35,000, the Model 3 is the company’s most affordable car to date.

There’s still a lot of work to be done, though.

CNN reported on a Tesla conference call in August of 2017 in which “Tesla CEO Elon Musk said the reservation number was over 500,000. On a conference call with analysts Wednesday, he clarified the number was actually 455,000, including cancellations.”

Regarding production – which has been a tiny bit of a problem for Tesla – Musk said in a November call that he wanted to build 5,000 cars per week by the end of March 2018, after delivering only 1,550 of the cars in the final quarter of 2017.

Even if they do hit that 5,000/week goal, it’s still 91 weeks – October 19, 2019 – before those vehicles are delivered. On the bright side, the revenue is almost  $16 Billion ($US)


Photo: Vicki Thompson/Silicon Valley Business Journal

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