The Tesla Model 3 electric car will hit production this week as CEO and founder of the company, Elon Musk, aims to have 30 cars produced in the month of July, and 20,000 by the end of the year.

Musk made this commitment in a series of late-night tweets. He believes by the end of July, 30 lucky customers will get the chance to ride around in a Tesla Model 3. Furthermore, he went on to state that by August, his company should be capable of manufacturing 150 vehicles per month.

By September, it shouldn’t be too hard for Tesla to produce 1,500 of its Model 3s.

20,000 Model 3s by December 2017

In the past, Musk has made a broad commitment claiming Tesla will make 5,000 Model 3s per week by the end of 2017, and from what he’s saying, things appear to be right on track.

“Looks like we can reach 20,000 Model 3 cars per month in Dec,” says Musk in a recent tweet.

The future of Tesla is riding heavily on the success of the Model 3, and that’s primarily due to Musk wanting to target lower income earners. It’s the most affordable electric car Tesla has ever produced as the begins at $35,000, and that’s without options.

This neat little car has a range of 215 miles, which is quite impressive. One shouldn’t be surprised if Tesla went on to sell millions in the coming years.

In fact, Musk wants to create hundreds of thousands of Model 3s in 2018. It’s an ambitious goal that if successful, could see Tesla becoming the leading car maker in the United States.

Musk has many believers

Now, Elon Musk has proven himself time and time again, hence it’s not surprising to see Tesla stock rise by 66 percent due to a number of people who take his words as gospel.

Nevertheless, the stock has attracted short sellers who view a future of where Tesla will cut the price of the Model 3 as the company comes across issues ranging from quality control, lack of profits, and inability to meet demand.

It’s not hard to make 30 cars every single month but should demand hit the ceiling, Tesla might find itself in a rut too difficult to come out from.

In the past, Tesla has only developed luxury electric cars for people who can afford to meet the high prices head on. Such vehicles do not sell at a high rate, so there’s no strain on manufacturing.

Competitors see the need for affordable electric cars so that Tesla won’t be the only carmaker on the market with a vehicle selling below $40,000. With the push to curb emissions and to take advantage of alternative energy, drivers should expect to see the rise electric cars in the near future.

They will dominate the roads, and Tesla will be right at the forefront as it happens.

The next step after electric cars is autonomous vehicles, but that’s years away from reality.
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