Musk says $35,000 Model 3 to reach volume production mid-year

March 4 () - Tesla Inc Chief Executive Officer Elon Musk said on Monday production of the $35,000 version of the electric carmaker's Model 3 will start this month, but would not reach "volume production" until mid-year.

"Gap in understanding is that $35k Model 3 production *starts* this month, but will not reach volume production until mid year. Extremely difficult to predict middle part of manufacturing S-curve," Musk said in response to a (graphic).

It was not immediately clear what Musk meant by "volume production". Tesla did not respond to a request for comment.

Tesla also said last week its global sales would now be online-only, in a bid to cut overhead costs.

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