Tesla has confirmed it will briefly “pause” production at its Fremont, California, assembly plant this month as it begins the process of tooling up for the all-new Model 3 battery-sedan scheduled to come to market later this year.
The Model 3 is, arguably, the most critical model that Tesla will bring to market since it rolled out its original Roadster early this decade. Expected to deliver at least 200 miles per charge, but at a price tag barely half that of the current Tesla Model S sedan, the new EV has generated about 400,000 advance reservations, according to Tesla.
But industry analysts warn that the company needs to ensure the Model 3 comes to market on time and with the sort of quality that mainstream buyers expect. (more…)