Hundreds of thousands of potential buyers have placed refundable deposits on the Tesla Model 3.
Tesla Inc. CEO Elon Musk signaled the electric automaker may have "news" on Sunday related to the release date of its first mass-market Model 3 sedan.
Musk wrote there would be "News on Sunday," in reply to a tweet by Sydney-based Douglas Bailey who asked Musk to end the speculation on the Model 3 release date.
Musk had said in May that Tesla was on track to begin production of the Model 3 sedan in July. The car will be priced at about $35,000. Tesla expects to produce over 5,000 Model 3s per week by the end of this year and 10,000 vehicles per week "at some point in 2018."
Musk had said the car will first be offered only with two-wheel drive and that the all-wheel drive version will likely arrive early next year.