In several Twitter posts, Musk said the California-based company will produce 100 cars in August and more than 1,500 in September.
It looks like "we can reach 20,000 Model 3 cars per month in December", Musk said.
Model 3 is a major step for Tesla, and will be priced around $35,000.
It "achieves 215 miles (346 km) of range per charge" and is "designed to attain the highest safety ratings in every category".
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