With a reported 373,000 reservations for the Model 3 on the books, Tesla will have to engage in a full-on production sprint in order to meet its updated production deadlines. And given that Tesla has a history of delivering cars much later than promised, not everyone is optimistic that Elon Musk and co. can make good on an unquestionably aggressive production timeline.
Just a few weeks ago, Tesla said that immense demand for the Model 3 compelled them to accelerate their manufacturing plans. Whereas Tesla initially planned to reach a manufacturing capacity of 500,000 cars by 2020, the company now hopes to reach that milestone by 2018. And to help fund such an ambitious production schedule, Tesla just this week announced its intention to raise $1.4 billion in capital via a stock sale.