This weekend's news cycle was dominated by people making provocative tweets. If you are in the automotive industry, however, you're a bit more concerned with what Elon Musk has to say rather than the president body slamming a CNN-faced Vince McMahon.

And that's because he noted earlier that Sunday would bring news about the all-new Model 3, which is arguably one of the most eagerly anticipated automotive releases, ever.

So, what's the news?

According to Musk, the first production Model 3 will be completed by this upcoming Friday. And, the first 30 customers of the all-new Model 3 will receive their cars at a handover party on July 28.

From there production will ramp up as follows:

- 100 cars in August;
- 1,500 cars in September; and,
- 20,000 cars in December

What do YOU make of the news, Spies?

Tesla CEO Elon Musk announced that the first production model of the hotly anticipated Model 3, the company’s attempt to bring an electric car to the masses, is expected on Friday. The first 30 Model 3 customers will receive their new Teslas on the 28th at a handover party, according to a second tweet from Musk. Production is then expected to grow exponentially: 100 cars in August, more than 1,500 by September, and then 20,000 per month by December.


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