Tesla\'s Musk says Model 3 to be available in Australia\, UK around mid-2019

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

Reuters 

(Reuters) - Inc said on Thursday the electric carmaker's new Model 3 will be available in and the UK around the middle of next year.

In response to a tweet asking when the Model 3 will be available in Australia, Musk wrote "Around mid 2019", later tweeting that it will also be available in the UK during the same period.

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, 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 and for the Model 3 before the end of the year.

(Reporting by in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 25 2018. 13:26 IST