Telsa prepares for Model 3 customer handover

Record ID: 904611

  • Title: Telsa prepares for Model 3 customer handover
  • Date: 29th July 2017
  • Summary: HAWTHORNE, CALIFORNIA, UNITED STATES (FILE - APRIL 30, 2015) (REUTERS) MUSK WALKING ON TO STAGE AT UNVEILING PRESENTATION OF TESLA ENERGY MUSK ON STAGE SPEAKING TO AUDIENCE
  • Embargoed: 12th August 2017 05:03
  • Keywords: Tesla Model 3 customers Elon Mike
  • Location: UNIDENTIFIED LOCATION/HAWTHORNE, CALIFORNIA, UNITED STATES
  • City: UNIDENTIFIED LOCATION/HAWTHORNE, CALIFORNIA, UNITED STATES
  • Country: USA
  • Topics: Company News Markets,Economic Events
  • Reuters ID: LVA0026RRQS7B
  • Aspect Ratio: 16:9
  • Story Text: Shares of Tesla Inc. rose nearly 1 percent on Friday (July 28) ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market.
    Tesla is counting on the Model 3 to help turn the cash-losing company into a profitable one, and its event later on Friday at its factory in Fremont, California comes as the car maker's stock trades down 12 percent from a record high set in June.
    The $35,000 Model 3 is designed for easy production, with output targeted to reach 20,000 per month by December. The Silicon Valley car company aims to quickly ramp up its factory to reach a production target of 500,000 cars per year in 2018.
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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