Tesla Motors Inc. said buyers who place new orders for the Model 3 can expect to begin receiving deliveries as soon as mid-2018, with production starting as scheduled late next year.
“Production begins late 2017. Delivery estimate for new reservations is mid 2018 or later,” the electric-car marker said on its website Tuesday.
“Today’s website update doesn’t reflect any change in our plans,” Tesla said in a statement. “We still plan to begin Model 3 deliveries in late 2017, and we adjusted the date on our marketing page to reflect more accurate timing for new/future reservation holders.”
The Model 3, which is slated to begin at $35,000 before government incentives, is the key to Tesla’s plan to create a larger market for EVs. The company first unveiled the Model 3 at an event at its Hawthorne, Calif., design studio on March 31. In May, Tesla said it had received about 373,000 pre-orders for the car.
The Model 3 update comes as Tesla is scheduled to unveil a new product Wednesday, leading to speculation about what the company will announce.
“Possibilities include enhancements to the S/X, energy storage products, or showing of a different class of vehicle,” Ben Kallo, a Robert W. Baird & Co. analyst, said in a research note Monday.
Barclays analyst Brian Johnson, in a note on Monday, speculated Tesla may release an update to Autopilot and or a replacement for supplier Mobileye, or disclose plans for a crossover version of the Model 3.