Tesla Model 3 Update: Orders Delayed, Pushed To 2018 Release Date?

By Jojan Mathew - 19 Oct '16 23:13PM
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Tesla Model 3 had created quite a buzz from its official launch, now it has a reason to worry about. The orders may get delayed due to the unprecedented orders and the lack of capacity in existing plants. Reports suggest that people who ordered already may have to wait until mid of 2018 to get it delivered. The entry level car of Tesla became popular due to its price and features.

When people tried to order Tesla Model 3 online on Tuesday, a message stating "Production begins late 2017 and delivery estimate of new orders could be mid of 2018 or later" displayed. But, Tesla spokesperson responded that the website change is not reflecting any delay and the deliveries on orders will be fulfilled by late 2017, reports USA Today.

The electric car has got tremendous attention from the media and the public from its launch in March 2016, as it can be driven 215 miles once charged. The base price of the model costs merely $35,000 while other Tesla models are priced at six digits, cited by Fortune. The acceleration of the car is less than 6 sec. for 0-60 mph and has autopilot feature.

The demand for the car is huge since it is unveiled and Tesla received 276,000 orders within 3 days of launch, and per the latest count the total number of orders is 400,000, reported CNET. Till date, Tesla is making cars in lesser volume and it needs to increase its production capacity to meet the demand. The company, which is making 50,000 cars a year, have to go tenfold and must produce 500,000 cars in a year to achieve the growth it aims.

To contain the growing demand for Tesla Model 3, the company is building a huge plant in Nevada. It also includes a plant to manufacture battery cells for the car. Industry analysts say that Elon Musk is preparing to launch an upgraded computer vision platform that helps cars to get edge towards self-driving status. Per reports, the self-driving system has got tremendous demand from public and transport companies.

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