Tesla Motors Inc TSLA.O said on Tuesday the design of its new Model 3 has not been finalized, even though the electric car maker expects to begin building the mass-market sedan within the next 18 months.Tesla's plans to expand its Fremont, California factory are still in process and some aspects of procuring and making parts for the Model 3 have yet to be determined, the company said in its quarterly financial report.
The Model 3, whose projected starting price of $35,000 is less than half of the luxury Model S sedan, is intended to dramatically boost Tesla's production volume and revenue, and help the company eventually turn a profit.
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