Monday, July 3, 2017

Nick Kyrgios out in Wimbledon first round after being forced to retire

Chief Executive Elon Musk indicated late Sunday that the company would deliver the first batch of its new Model 3 sedans on July 28.

Customers and investors have been eager to know when the Silicon Valley company will start delivering the car, which at $35,000 is far less expensive than its two existing models and which Tesla intends to sharply increase its total sales.

Tesla had said production would start this month, but hadn’t given a date for deliveries. Mr. Musk, who frequently announces plans on Twitter , teased in a tweet in the early hours of Friday morning Eastern time that there would be related news Sunday.

After being silent on the subject most of Sunday, shortly after 11 p.m. Pacific time he tweeted: “Handover party for first 30 customer Model 3’s on the 28th!” He said in separate messages that the car had “passed all regulatory requirements for production,” and that Tesla is on course to produce 20,000 Model 3s a month in December.

Tesla is scheduled to disclose global vehicle sales for the second quarter as early as Monday morning. The company is projected to have sold 23,655 vehicles during the three-month period, according to the average estimate of four analysts surveyed by The Wall Street Journal.

The Model 3 is part of Mr. Musk’s strategy to boost production next year to 500,000 from about 84,000 last year, turning the auto maker into a more mainstream player from a niche luxury brand. General Motors Co. , for example, sold 10 million vehicles last year.

Source: Nick Kyrgios out in Wimbledon first round after being forced to retire | Sport | The Guardian


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