Tesla Model 3: Online design studio now accessible without $1,000 reservation deposit

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Tesla Model 3: Online design studio now accessible without $1,000 reservation deposit

Play around with the sleek online configurator for the Tesla Model 3.

Tesla Model 3 reservations have been around for a couple of years now, with the company finally deciding to skip the process – which requires a cool $US1,000 deposit – entirely. Now anyone can access the design studio, which has received a sleek online update. But before you rejoice at the democratisation, however, Electrek reports that Tesla will still prioritise orders for reservation holders.

Nonetheless, it's an exciting feature that we personally can't wait to make use of. Check out the below video from Talking Tesla, which walks you through the process. 

These announcements follow the recent news that Tesla is continuing to spend cash at an alarming rate, reporting overall losses of $784.6 million or $4.19 per share in the first part of the 2018.

However, the car manufacturer appears to have finally overcome long-running production problems with the Model 3, revealing it produced more than 2,000 cars per week for three consecutive weeks of April.

For the past year, analysts and industry insiders questioned Tesla’s ability to mass produce vehicles, after it repeatedly failed to hit targets. Last July, Musk claimed the company would be making 20,000 Model 3s a month by December, but in the three months of 2017, it only actually built 2,425 in total. Of these, the company delivered just 1,550 to customers, many of whom were Tesla employees.

However, now that the ball finally appears to be rolling, the company’s bosses have estimated that Model 3 production volume will reach 5,000 units per week by the end of the year, helping it to finally post a profit.

Copyright © Alphr, Dennis Publishing
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