These battery packs are expected to reduce the per-kilowatt-hour cost of its battery by more than 30%, which, in turn, allows the company to make a mass-market electric vehicle 50% cheaper than its luxury Model S.
Those investors who have bought into Tesla's long-term plan have largely ignored the massive losses the vehicle maker has posted almost every quarter, indicating that CEO Elon Musk likely has a very long rope courtesy of his investment base to do what needs to be done to create maximum long-term profitability.
That latter figure was achieved largely thanks to new lithium-ion battery cells from Tesla partner Panasonic. His Tweet came as a reply to a Twitter follower who asked Musk to elaborate on how he managed his busy schedule.
However, some analysts still question Tesla's ability to ramp up from producing around 80,000 cars in the past year to 250,000 in the next 12 months.
"We're designing the Model 3 to ideally not require service". In fact, the base model will only be put into production later this year.
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Air France-KLM has announced a jump in profits as it expands its global alliances and readies to launch a new budget airline. The partnership would give the joint venture more control over the lucrative London market for trans-Atlantic flights.
Now loss-making Tesla is trying to move into a different league, building vehicles in high volume for customers able to pay only a few thousand dollars more than the average price of a conventional auto or truck sold in the US. In the end, both Tesla and Panasonic will have to make money off the Model 3 for it to be considered a success.
Or the Model 3 could dash Tesla's dreams.
Abuelsamid said even if it doesn't meet its ambitious targets, Tesla has done more than anyone to promote electric vehicles.
The pricing for the Model 3 will vary over its base, depending on the features one adds. "As production accelerates towards next year, we expect the business to contribute profit".
Tesla will also be using the Model 3 as an opportunity to scale up its manufacturing. But the list of long-range entries to come over the next two years runs from the mainstream Volkswagen I.D. - which VW hints will cost thousands less than a Model 3 - to upscale products like the Audi e-Tron SUV and even the Porsche Mission E battery sports vehicle.
It also plans to double the number of fast-charging Supercharger stations to 10,000.