The Tesla Model 3 again out-topped any other green transportation news story this week. The Model 3 is here! The Model 3 is here! Well, actually, the Tesla Model 3 production lines have just been fired up this week, which caused stock analysts to get their knickers in a knot. Some said the Tesla sky will fall, while others proclaimed that we can’t begin to envision how the strong Tesla Model 3 will boost the company’s valuation in years to come.
All this Tesla Model 3 news came during a week in which a Bloomberg company estimated that electric cars will comprise half of all new car sales by 2040, and France announced that it will prohibit sales of internal combustion engines by 2040. Meanwhile, behind all the bravado in the news, one company is quietly developing solar powered cars, which, if tenable, could cut out the middle step of ancillary electricity production to power electric cars.
Here are those stories and more on this week’s edition of “Gas2 Week in Review.”
[Update] It’s arrived! The first production Tesla Model 3 has emerged from the factory. Tesla CEO Elon Musk refers to this first shiny new EV as “SN1.”
Production unit 1 of Model 3 is now built and going through final checkout. Pics soon.
— Elon Musk (@elonmusk) July 9, 2017
Musk will be the recipient of this first Model 3, as a Tesla board member has reportedly deferred its ownership to Musk in what has been called “a birthday gift.” The Tesla Model 3 is the third model in the all-electric Tesla line. Musk explained that a celebration to deliver the first cars will take place in which 30 cars will be handed over to owners on July 28. After that, he expects the factory to build 100 cars in August and 1,500 in September. The ultimate goal is to ramp up production to about 20,000 units in the month of December.
One of our readers noted that, unlike so many concept vehicles on the horizon, Musk is good for his word. “The Man delivers! No pie in the sky here.”