Tesla Model 3 Development to Be Finalized by June 30 This Year

Ever since last week’s Q1 2016 earnings call, Tesla seems to be putting everything on fast forward in a hurry to meet the rapidly growing demand for its cars, and particularly the new Model 3 compact sedan. The car was unveiled on the last day of March and was very well received, bagging over 400,000 reservations so far, a quarter of which during the first 24 hours after the registrations were open. But the new model isn’t the o…