The first Tesla automobile for the masses is set to roll off the assembly line Friday, according to tweets from Tesla CEO Elon Musk.
Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 on Friday
— Elon Musk (@elonmusk) July 3, 2017
The company's fully electric Model 3 car is priced at $35,000 (or $27,500 after federal electric car tax credits), which NPR reports is roughly half the cost of the luxury brand's vehicles to date.
Late Sunday night, Musk also tweeted that production would increase exponentially with 100 cars in August, more than 1,500 in September and 20,000 per month in December. Musk also announced a July 28 "handover party" for the first 30 buyers of the Model 3.
Tesla has inched ahead of General Motors in April to become the most valuable car company in America.