Tesla CEO Elon Musk Tweets Model 3 ‘Release Candidate’ Video

3 years ago admin Comments Off on Tesla CEO Elon Musk Tweets Model 3 ‘Release Candidate’ Video

Elon Musk gave the internet a glimpse of what is to come in the next line of production of his electric car company Tesla Motors.

The CEO of Tesla Motors released a video on Twitter on Friday, showing a ‘release candidate’ version of the next in line Tesla Model 3 on the go.

The duration of the video is 6 seconds. While the video just shows a typical Tesla-styled Sedan cruising from one end to another, it is significant because of the ‘release candidate’ featured in it.

A ‘release candidate’ in the process of production of a vehicle typically means that the vehicle is functional and almost ready to enter into production after testing.

Tesla Model 3 might be the most anticipated vehicle in the automobile industry, especially for the new-age technology that Tesla is known for. Tesla is expecting to tap the ‘mass’ market with Model 3 release and hence has priced it at $35,000.

Limited production of Tesla Model 3 is expected to begin in July. With the demand for Model 3 outnumbering the production capacity, Tesla raised $1.2 Billion in convertible debt and shares this week in order to expand its production.

The company is aiming to make 500,000 units in 2018, 10 times than what they manufactured in 2015. The ‘release candidate’ video might just spark the interest of more investors for Tesla.