Tesla is making a big push with Model 3 to end Q1 2018 on strong note
According to reports, electric vehicle manufacturer Tesla will conclude the first quarter of 2018 on a strong note, thanks to a big push being made by the company with Model 3 deliveries this week. Tesla has been lagging behind Model 3 deliveries and stock market analysts have been concerned about the company’s ability to deliver on its promises.
With just about a week left for the conclusion of the January-March quarter of 2018, Tesla has recently been recording a notable increase in terms of registration of new vehicle identification numbers (VINs) for Model 3. The increase is indicative of the fact that the current Model 3 production by Tesla is hovering around the ‘2,000 units per week’ mark.
Tesla’s ongoing attempts to increasingly register new VINs for Model 3 are evident from more specific figures which show that the number of new VINs registered by the company this month has increased from 12,000 VINs to 18,000 VINs.
Along with the growing rate at which new VINs for Model 3 are being registered by Tesla of late, a record number of Model 3 buyers have also reported that the deliveries of their vehicles are scheduled for the current week.
As a result of its big Model 3 push, it is being projected that Tesla will finish the 2018 first-quarter strong, with a record number of Model 3 vehicles, even though the deliveries of Model S and Model X will probably witness a drop quarter-on-quarter.
New plans related to production of Model 3 have surprised parts makers. The automotive company has planned to launch its Model 3 by 2018, which is two years prior to what earlier was decided.
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford.
According to a recent announcement by Volkswagen, the automaker’s Foshan Plant ‘mega-factory’ in China is being expanded in order to increase its capacity to produce electric vehicles (EVs).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
Tesla Motors has sent invitations for unveiling of electric semi-truck on November 16. The event was earlier planned in October but the company had to push it to November 16 due to production bottlenecks.
Toyota has shared some information and photos of the US version of the 2019 Corolla Hatchback at the New York Auto Show. The vehicle was earlier unveiled by Toyota at the Geneva auto show, two weeks back.