Tesla's most anticipated car may actually arrive on time.
The Model 3, of course, is Tesla's first mass-market car, pricing at $35,000 before tax incentives.
Tesla confirmed that it began building Model 3 prototypes earlier this month and said in the letter it will "steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018."
Tesla is notorious for missing deadlines when it comes to delivering its vehicles.
The Model S was originally slated to go into production in 2010, but was pushed back to mid-2011. The company also pushed back the launch of the Model X by about two years.
Besides the Model 3, Tesla also said that it is on schedule to begin production and installation of its new solar roof during the second half of this year.
CEO Elon Musk first announced Tesla's solar roof during a company event in October. At the time, Musk said that the company plans to offer four types of shingles to match the aesthetic of a person's home.
Production for the shingles is expected to begin mid-2017, at which time consumers will also be able to place orders for a solar roof.
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