• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Tech

Elon Musk: Final Design for Model 3 Is Due in Six Weeks

By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
June 2, 2016, 4:00 AM ET
Screenshot

The final design for Tesla’s Model 3, the mass-market $35,000 electric car (and arguably its most important vehicle) will be due in about six weeks, CEO Elon Musk said Wednesday.

“We’re aiming for pencils down in about six weeks, complete pencils down,” Musk said during the Code conference in Rancho Palos Verdes, Calif. “If there are ideas for future cool things we’ll have it in version two, version three, in future years type thing.”

This is in contrast to the approach Tesla (TSLA) took with the Model X, a flashy SUV with complex “falcon-wing” doors and numerous other special features that led to production delays and glitches that have plagued the company and early owners. Musk, who has admitted hubris for trying to launch so many new features in the first version, said this week that software upgrades in the vehicle will finally resolve issues with the car.

See Tesla’s Model X P90D:

“We want to do the opposite of what we did with the X, which is make something that is a lot simpler but still something people will love,” Musk said, adding that every design decision will consider how easy it will be to manufacture at volume, at an affordable price, and on schedule.

Musk says almost all of the Model 3 design is done.

Tesla has aggressive plans for the Model 3. The company has doubled original production projections to 100,000 Model 3s in 2017 and 400,000 in 2018. Musk has said Tesla plans to produce 500,000 cars (that includes the Model S sedan, Model X SUV, and Model 3) in 2018 and close to 1 million by 2020—two years ahead of its previous target.

Major suppliers are supportive and are on board, Musk says, which conflicts with a Reuters report last month that suggested suppliers were worried about the production schedule.

Get Data Sheet, Fortune’s technology newsletter.

One question that came up twice during the conference: Just how tech-forward will the Model 3 be? Will it, for instance, have semi-autonomous driving features in it like in Autopilot, the hands-free highway tech that is available to owners of the Model S and X? Will the upcoming cars be capable of full autonomy, in which the car’s software handles all operations without the need for human intervention?

Musk wouldn’t budge when asked if the Model 3 would be autonomous. But a knowing grin, and a promise that he would hold another Tesla event at the end of year to talk about that, suggests full autonomy is in the company’s playbook.

“Let me just say we’re going to do the obvious thing,” Musk said. “It’s really obvious.”

Musk has actually alluded to this before. Just hours after the Model 3 unveiling on March 31—and with already tens of thousands of orders received—Musk tweeted a cryptic message that some speculated meant the car, or at least the software in it, would have the capability to become fully autonomous.

Thanks for tuning in to the Model 3 unveil Part 1! Part 2 is super next level, but that's for later…

— Elon Musk (@elonmusk) April 1, 2016

Musk told Fortune in December that Tesla would achieve complete autonomy in cars in about two years, a timeline he reiterated Wednesday night. That means by the time Musk makes his end-of-the-year announcement, presumably about autonomy, the company would be just one year away from achieving the goal.

The Model 3 wasn’t the only topic he addressed in a wide-ranging interview at Code conference that covered space travel, Mars, nuclear war, artificial intelligence, and the chances we’re all living in a simulation like the one depicted in the Keanu Reeves film the “Matrix.”

More automotive thoughts from Musk:

On the popularity of autonomy and electric vehicles:

“There have been so many announcements about autonomous EV startups, I’m waiting for my mom to announce one.”

And later…

“It’s encouraging to see all of this activity. From Tesla’s standpoint we want to take a set of actions that are likely to accelerate the advent of sustainable energy, so scale up production as fast as we can, half a million cars by 2018 timeframe, maybe a 1 million cars a year by 2020. I see a clear path to get there. Autonomy is clearly very important. People are going to want autonomy. It’s going to be odd to have a car without autonomy in the future.”

On Google and why he doesn’t see the company as a future competitor:

“Google’s done a great job of showing the potential of autonomous transport, but they’re not a car company so they would potentially license their technology to another car companies.”

On Apple and why the company will be a competitor to Tesla:

“Apple? Yeah, that’ll be more direct. I hope it works out. I think they should have embarked on this project sooner, actually…I don’t think they’ll be in volume production until 2020. That would be like the soonest.”

On the scale of the Gigafactory, the massive battery factory the company is building in Nevada:

“It’s like an alien dreadnought, it’s really crazy.”

On electric car range:

“Energy density is not the issue. If you were to buy a Model S today it’s close to 300 miles. Range is not an issue. We could build a 400-mile range car today, that wouldn’t be too big of a deal. What really matters is decreasing the cost per unit of energy of the battery packs so you can make the car affordable.”

About the Author
By Kirsten Korosec
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

AI poised to tilt job market leverage toward older workers
AIHiring
AI poised to tilt job market leverage toward older workers
By Victor Swezey and BloombergMay 16, 2026
7 hours ago
SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’
InnovationIPOs
SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’
By Jason MaMay 16, 2026
14 hours ago
tarot
AICulture
We talked to 12 tarot card readers who are using AI. They split in 2 camps, with big implications for the technology
By Ziv Epstein, Farnaz Jahanbakhsh, Vana Goblot and The ConversationMay 16, 2026
16 hours ago
liberman
Commentarystart-ups
We watched social media concentrate. The same thing is happening in AI, only at a deeper layer
By David Liberman and Daniil LibermanMay 16, 2026
17 hours ago
mustafa suleyman
AIMicrosoft
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
18 hours ago
olivier
CommentaryAnthropic
I’ve been studying Big Tech for a long time. What just happened with Anthropic and the Pentagon terrifies me
By Olivier SylvainMay 16, 2026
18 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
18 hours ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
8 hours ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
22 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
4 days ago
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisMay 16, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.