Tesla to Start Model 3 Production

Tesla Inc (NASDAQ: TSLA) announced Wednesday that it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start production in July,  Reuters reported. 
 
“Tesla will begin a brief, planned pause in production for a week in February to prepare for Model 3 production,” a company spokesperson told The Verge. The pause “will allow Tesla to begin Model 3 production later this year as planned and enable us to start the ramp towards 500,000 vehicles annually in 2018. We do not anticipate this brief pause to have a material impact on our Q1 production or delivery figures, as we have added production days to compensate.”
 
Last year, Tesla CEO Elon Musk told investors that more than 370,000 customers have preorder deposits for the Model 3, and the production on the car will start in July of 2017. Analysts claimed the time line might be too ambitious. Now Telsa starts testing its production capabilities. 
 
Musk previously indicated that Tesla could miss the July 2017 startup target if suppliers do not meet deadlines.

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