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According to Elon Musk’s latest tweets, the first Model 3 is expected to roll off the production line this Friday as the Bolt EV rival passed all regulatory requirement ahead of schedule.

Announced on Monday, production of the Model 3 is expected to grow exponentially each month with 20,000 vehicles rolling off the line in December of this year and 10,000 vehicles per week at some point in 2018.

Some may question if Tesla will be able to deliver these numbers since their existing Model X and Model S deliveries in the second-quarter is around 12% below the first-quarter. Tesla claims production was hampered by “severe production shortfall of 100 kWh battery packs, which are made using new technologies on new production lines".

Once Tesla irons out those production kinks, if they haven't done so already, the Model 3 will prove to be a worthy rival for the Bolt EV. Both vehicles starts at an affordable price, even more so after subtracting the federal tax credit, and most importantly they can last at least 345 km (383km with the Bolt) per charge.

Grab your popcorn everyone, because watching the Model 3 and Chevy Bolt go toe-to-toe will undoubtedly be entertaining and there's even going to be a handover party for the first 30 vehicles on July 28th.
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