As Reuters reported earlier this week, Musk said he expects production of the vehicle to “increase exponentially”–with 100 in August, to 1,500 in September and, finally, rocketing to 20,000 per month by the end of the year. By 2018, it’s expected that Tesla will increase that production to 40,000 vehicles per month. That said, there are already nearly 400,000 Model 3 reservations, meaning it could be quite some time before many of those orders are fulfilled.
Similarly, The Daily Mail reported that Musk said those who are currently putting down a deposit for the Model 3 won’t get their car until the end of 2018, which could mean there are closer to 500,000 reservations made.
With that in mind, Mediakix has put together an infographic on the current state of the automotive industry and where Tesla fits in compared to other automotive giants such as: Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), Toyota Motor (NYSE:TM), BMW (ETR:BMW), and Volkswagen OTCMKTS:VLKAY).
Read on below for a look at the infographic.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.