Tesla Model 3 Battery Cells Will Lose Money for Panasonic, Initially

Tesla Model 3 Battery Cells Will Lose Money for Panasonic, Initially

Musk handed over the first customer Model 3 to its owner at an event last Friday, where he also pledged to meet the massive customer order demand for the auto with an ambitious production schedule.

The Model 3 will be priced at around United States $35,000, making it the most affordable offering from Tesla yet.

It was here, just prior to the handover, that Musk told reporters, including Fortune that Tesla was about to go through six months of manufacturing hell to scale production of the Model 3. If Tesla hits its planned production of 500,000 cars a year from the factory, analysts predict that it will outsell BMW, Mercedes and Lexus in the US.

Tesla has had a history of falling short of expectations, with the battery-ute coming to market about two years late due to a variety of technical and design problems. The experience influenced the vehicle maker's decision to radically simplify the design and customization options for Model 3. However, production of right-hand-drive models won't begin until 2019.

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Electric cars are seen by many as the cars of the future and Tesla agrees. Unlike the huge amount of options for the Model S, the 3 receives relatively fewer goodies, a tactic no doubt meant to lower cost.

Efforts to unionize could disrupt Tesla's production plans for the Model 3.

Even if everything were to go right, Musk previously had indicated all those now holding reservations likely wouldn't take delivery of a Model 3 for at least 18 months.

Until now, Tesla has operated as a niche producer of luxury electric vehicles, with a charismatic, showman CEO who regularly interacts with fans on his Twitter account.

Read The Latest Updates On The Senate's Health Care Voting Frenzy
The two would need to be reconciled and a final bill passed by both chambers before it reaches the president's desk. Rand Paul introduced the amendment - within two years, and come up with a replacement plan in the meantime.

SoutheastTraders forum user Mac11FA, via the Tesla subreddit, said he is a Field Service Engineer for Kuka Robotics. Robin Santucci was one of the first in line to order a Model 3 at the Santa Monica, California, Tesla store in March 2016. But the list of long-range entries to come over the next two years runs from the mainstream Volkswagen I.D. - which VW hints will cost thousands less than a Model 3 - to upscale products like the Audi e-Tron SUV and even the Porsche Mission E battery sports vehicle.

Potential customers also could lose faith if Tesla doesn't meet its aggressive production schedule, or if the cars have quality problems that strain Tesla's small service network.

It also plans to double the number of fast-charging Supercharger stations to 10,000.

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