Production of the Tesla Model 3 will begin this week, with Elon Musk, Tesla's CEO, promising output will grow "exponentially".
In a series of tweets overnight, Musk announced details about the Model 3's production timing. The CEO began by saying, "Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 on Friday [July 7, US time]."
Musk went on to state, "Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500."
Lastly, the outspoken Tesla chief said it "looks like we can reach 20,000 Model 3 cars per month in Dec".
If the company is able to ramp up production as quickly and as dramatically as claimed, it would be quite some achievement given the company's history of missed product deadlines and production delays.
The Model 3 is the company's first high volume electric car. Unveiled in concept form early in 2016, the car will be priced from US$35,000 ($45,800) in the States, and will do battle with the similarly priced BMW 3 Series, Mercedes-Benz C-Class, Audi A4 and Lexus IS, as well as the electric Chevrolet Bolt.
As such, the car has garnered a large amount of interest with pre-orders rapidly piling up on the automaker's door step. It's thought the company currently has around 400,000 pre-orders for the car.
With production set to begin soon, the Model 3 has been spotted many time on public roads wearing little to no disguise in recent weeks. The images in this article come from Reddit, with the header photo from user fewwordsbetter, and the remainder from inamachineshop.
According to a leaked specifications sheet, the Model 3 will be just under 4.7 metres in length. Its more compact battery pack will reportedly have a range of over 346km (215mi) under the US EPA's testing standard.
We're waiting to hear back from Tesla Australia about how the latest announcement impacts local availability of the Model 3, but the new electric sedan isn't expected to arrive down under until 2018.
MORE: Model 3 news