March 4, 2019 / 8:54 PM / 3 months ago

Musk says $35,000 Model 3 to reach volume production mid-year

March 4 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Monday production of the $35,000 version of the electric carmaker’s Model 3 will start this month, but would not reach volume production until mid-year.

"Gap in understanding is that $35k Model 3 production *starts* this month, but will not reach volume production until mid year. Extremely difficult to predict middle part of manufacturing S-curve," Musk replied to a tweet here

Tesla offered for the first time a $35,000 version of its Model 3 last week and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the company. (Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

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