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Tesla says it has not finalized 2017 Model 3 design

SAN FRANCISCO/DETROIT, May 10 (Reuters) - Tesla Motors Inc said on Tuesday the design of its new Model 3 has not been finalized, even though the electric car maker expects to begin building the mass-market sedan within the next 18 months.

Tesla's plans to expand its Fremont, California factory are still in process and some aspects of procuring and making parts for the Model 3 have yet to be determined, the company said in its quarterly financial report.

The Model 3, whose projected starting price of $35,000 is less than half of the luxury Model S sedan, is intended to dramatically boost Tesla's production volume and revenue, and help the company eventually turn a profit.

Tesla has missed many of its key production deadlines, including launches of the Model S and Model X sport utility vehicle, because of quality and...


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