Tesla provides first glimpse of Model 3

Tesla provides first glimpse of Model 3

Tesla Motors unveils the new lower-priced Model 3 sedan.

Musk earlier had said Tesla would make 10,000 Model 3s per week by December.

Musk also has said the Palo Alto, California-based company will hold a party to hand over the first 30 Model 3s to customers on July 28.

Tesla expects to produce 100 cars in August and more than 1,500 in September, Musk tweeted earlier.

While second-quarter deliveries rose 53 percent from a year ago, they still were about 12 percent below first-quarter deliveries. Tesla said in a statement that second-quarter production was hampered by a severe shortfall of battery packs. Production averaged 40 percent less than demand until early June, the company said.



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