Expect around 20,000 Model 3 cars per month to fly out of Tesla Inc (NASDAQ:TSLA) factories by year-end. That’s just a taste of the exciting news shared on Twitter these last few days. Oddly, investors will only believe it when they see it. Tesla Inc shares took a hefty retreat this Monday despite the Model 3 excitement. Bearishness is rife with hoards of naysayers chiming in on the chorus of Tesla negativity.
The first Model 3’s from Tesla Inc come out this month. After nearly a year and a half of eager waiting, buyers of the affordable Tesla must be vibrating in their seats. We turn to Twitter to get the best of our Model 3 updates.
Elon Musk seems just as excited as everyone else. The company CEO can’t help but give out intriguing snippets of information. Collectively, these are the best glimpses of Model 3 info the public has seen in months.
Tweets have Tesla Inc Model 3 news surging
Indeed, Tech billionaire Musk has much to say about the incoming Tesla. His comments only add to the surge of excitement. July will finally, finally see the first of the Model 3’s roll out.
Tesla is all the hype this week and will probably be a hot topic for a while. Fans are glued to the arrival of its most inclusive car ever. Reassured time and time again, Elon Musk and his auto company have everything on schedule. Also, the last few days see Musk set headlines ablaze 140 characters at a time. Here is the very best of Musk news and everything we’ve learned in July so far.
Sunday saw Musk take to his favorite social network to deliver news on the Model 3’s developments. First off, everything on the regulatory side of things is good to go. Better yet, all of this was done two weeks before the due date. Such news should kill any doubt of late Model 3 releases. Musk expects to “complete SN1 On Friday” this week, he shares via a tweet. The CEO said the incoming Tesla got the clear on every regulatory requirement.
Party, party, hurray! It’s all celebrations at Tesla Inc (NASDAQ:TSLA), with great reason too. Sunday also had the chief exec share news of a launch event at the end of this month. Production will be on the rise for the next few months, but for now, the first 30 owners will get to celebrate with Tesla. The following month should see about a hundred affordable Teslas roll out. Thereafter, well over 1,500 Model 3’s will be zipping out per month.
“Handover party for first 30 customer Model 3’s on the 28th,” Musk wrote on Twitter. “Production grows exponentially,” he went on, “ so [August] should be 100 cars and [September] above 1,500”
It looks like production will skyrocket in the months after September. Not long after the party tweet, the Tesla Inc CEO went on to share news of 20,000 new Model 3’s being pushed out by December.
“Looks like we can reach 20,000 Model 3 cars month in [December],” musk tweeted.
Investors don’t buy it yet
Seeing is believing. That was the tune investors took on Monday. The shares on Tesla Inc (NASDAQ:TSLA) spent much of day in the red, plummeting nearly $9. Monday Trading saw Tesla Inc shares close at $352.62. The electric car giant stood much healthier on Friday at $361.61.