The Model 3 is the key to Tesla’s plan to expand to a wider market for its electric cars. Photo: ReutersChicago: Tesla Motors Inc. said buyers who place new orders for Model 3 vehicles can expect to begin receiving deliveries as soon as mid-2018, with production starting as scheduled late next year. Tesla shares briefly pared gains after the news was initially interpreted as a delay in the introduction of the vehicle. “Today’s website update doesn’t reflect any change in our plans,” Tesla said in a statement. The Model 3 update comes as Tesla is scheduled to unveil a new product on Wednesday, leading to speculation about what the company will announce.

Source: Mint October 19, 2016 12:17 UTC