---
title: "Tesla Confirms That Model 3 Progress Is Right on Track"
description: "Tesla released its Q1 letter to shareholders on Thursday, providing updates on the Model 3 which is slated to begin production this summer."
date: "2017-05-04"
modified: "2017-11-29"
authors:
  - name: "Karla Lant"
    link: "https://futurism.com/authors/karla"
url: "https://futurism.com/tesla-confirms-that-model-3-progress-is-right-on-track"
categories:
  - "Advanced Transport"
  - "Tesla"
tags:
  - "Model 3"
  - "tesla"
  - "tesla q1 letter"
---

# Tesla Confirms That Model 3 Progress Is Right on Track

![](<https://futurism.com/wp-content/uploads/2017/05/tesla-model3-press-3.jpg>)
*\<em\>Image: \<a href="https://www.tesla.com/presskit#model3" target="\_blank"\>Tesla\</a\>\</em\>*

The “[Tesla First Quarter 2017 Update](<http://files.shareholder.com/downloads/ABEA-4CW8X0/4409037772x0x940721/8E9FC98F-343C-4D2E-8516-491DEFB9B69B/TSLA_Q1_2017_Update_Letter.pdf>)” for shareholders was released on Thursday, and with it, updates about the Model 3 timeline. It's looking like 2017 is going to be an amazing year for Tesla: “Vehicle production in Q1 increased by 64% compared to a year ago, which enabled us to set new quarterly records of 25,051 deliveries and $2.7 billion in GAAP revenue.” The energy company also reports that Model 3 production will start in July as previously announced, and that road testing is already underway.

![Via Tesla](<https://futurism.com/wp-content/uploads/2017/05/model-3.jpg>)
**via Tesla**

“Simultaneously, preparations at our production facilities are on track to support the ramp of Model 3 production to 5,000 vehicles per week at some point in 2017, and to 10,000 vehicles per week at some point in 2018.” Tesla reports that [equipment installation at Gigafactory 1](<https://futurism.com/tesla-has-officially-confirmed-model-3-production-at-the-gigafactory>) is already in process. The [expansion plans for their Supercharger network](<https://futurism.com/tesla-just-announced-plans-for-a-major-expansion>) are also on schedule.

“Based on our current order and production rates, our first half outlook remains unchanged at 47,000 to 50,000 deliveries, which represents 61% to 71% annual vehicle delivery growth.” After the first half, Model 3 sales will figure in, and things should become even more exciting — especially given the huge number of [preorder sales](<https://futurism.com/teslas-model-3-racks-two-hundred-thousand-pre-orders-36-hours>) the company needs to fulfill.

### Author social links  
[LinkedIn](<https://www.linkedin.com/in/karlalant>)  
[Twitter](<https://x.com/KarlaLant>)