Turn off the Ad Banner  

To print: Select File and then Print from your browser's menu.

    -----------------------------------------------
This story was printed from CdrInfo.com,
located at http://www.cdrinfo.com.
-----------------------------------------------

Appeared on: Wednesday, February 22, 2017
Tesla Model 3 To Enter Volume Production By September

Tesla today conformed that it will start volume production of the Model 3 sedan by September, while the company posted a smaller quarterly loss.



The electric car maker said it expected to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of 2017.

The company said it planned to invest between $2 billion and $2.5 billion in capital expenditures ahead of the start of Model 3 production.

Tesla has been investing heavily on production of its latest models and in its $5 billion gigafactory, which makes lithium-ion battery cells in Nevada.

The company's total operating costs rose 46.6 percent to $702 million in the latest quarter. Revenue rose 88 percent to $2.28 billion.



Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .