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Tesla's Musk says Model 3 to be available in Australia around mid 2019

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Reuters
Last Updated : Oct 25 2018 | 12:30 PM IST

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Thursday the electric carmaker's new Model 3 will be available in Australia around the middle of next year.

In response to a tweet asking when Model 3 will be available in Australia, Musk wrote "Around mid 2019".

Tesla has been trying to fast track vehicle deliveries of its new Model 3 to customers. The company's ability to deliver on production targets for Model 3 sedans has weighed on its stock in the past.

On Wednesday, Tesla reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter, as higher production volumes of its new Model 3 began to pay off.

The company said it would start taking orders in Europe and China for the Model 3 before the end of the year.

(Reporting by Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier)

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First Published: Oct 25 2018 | 12:16 PM IST

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