Tesla is introducing the new sedan to the market and increasing its production rate.

Tesla 04.07

The Sedan has received all regulatory approvals for production two weeks ahead of planned schedule. Elon Musk stated: “By the end of the year, we will produce 20,000 Tesla Model 3 cars a month.”

Tesla’s Model 3 sedan received all regulatory approvals for production two weeks ahead of schedule, the company’s CEO and founder Elon Musk twitted on his Twitter account during Sunday, July 2nd.

“Production is growing so fast that in August 100 cars will be produced and in September over 1,500,” Musk wrote on Twitter. “We seem to be able to produce 20,000 cars a month in December and expect to complete the construction of SN1 on Friday,” Musk wrote. SN1 is the first car to leave the production line for sale, a source close to the matter said.

Musk said in May that it would begin production of model 3 at $35,000 in July. Earlier this year, the automaker said it expects to produce 5,000 cars a week by the end of the year and 10,000 cars a week at some point in 2018.

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