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 does the text suggest about the future production capabilities of Tesla?

What was the number of deposits placed for the Model 3 as mentioned in the text?