Tesla Fans Get Much-Anticipated News on Model 3

Elon Musk announced that the first Model 3 cars will be ready soon, with plans to produce 100 in August and 20,000 by December. This news is encouraging for investors, despite Tesla's history of production challenges. The company is focusing on simpler builds to improve production efficiency. With 373,000 deposits already made, Tesla aims to produce 500,000 cars by next year, marking significant progress.

What was the initial production goal for the Tesla Model 3 by December?

• 100,000 units

• 20,000 units

• 10,000 units

• 50,000 units

What has been a significant challenge for Tesla in the production of the Model 3?

• Designing the car

• Marketing the car

• Manufacturing the car

• Shipping the car

How has Tesla prioritized its production to improve efficiency?

• Focusing on all-wheel drive models first

• Prioritizing simpler builds like two-wheel drive

• Increasing marketing efforts

• Reducing the number of models produced

How many people had placed deposits for the Model 3 by last spring?

• 500,000 people

• 200,000 people

• 100,000 people

• 373,000 people

What is Tesla's production target for the Model 3 by next year?

• 1,000,000 units

• 750,000 units

• 500,000 units

• 250,000 units