October 25, 2018 / 5:54 AM / in a month

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

FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond, California, U.S., June 22, 2018. REUTERS/Stephen Lam/File Photo

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Thursday the electric carmaker’s new Model 3 will be available in Australia 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 bit.ly/2POOPZz "Around mid 2019", later tweeting that it will also be available in the UK during the same period.

Tesla 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, Tesla 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 Europe and China for the Model 3 before the end of the year.

Reporting by Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier

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