Tesla has finally announced a firmer schedule for the launch of its Model 3 electric car, which is set to take position below that of the Model S. “Our Model 3 programme is on track to start limited vehicle production in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018,” Tesla said in an Inside EVs report.

It’s an announcement of a move that should go some way to meet demand for the Model 3; 115,000 pre-orders were received within 24 hours of its unveiling. With the disclosure of the aforementioned production targets, Inside EVs estimates that Tesla is likely to build 25,000 to 35,000 units of the Model 3 this year; CEO Elon Musk foresees an “S curve” to the Model 3’s production rate, with a low initial volume as the manufacturer deals with initial matters.

Tesla’s supply chain and manufacturing are well on their way to “support volume deliveries” in the second half of this year, the company said, and also confirmed that the first Model 3 prototypes were built earlier this month. Tesla hasn’t set a firm date for the debut of the production-ready Model 3, however.

“We expect to invest between $2 billion and $2.5 billion in capital expenditures ahead of the start of Model 3 production,” Tesla said of its operating costs as it heads into Model 3 production. No capital is needed for the Model 3 ramp-up, though that will leave Tesla close to a point where it will soon need to raise funds, therefore it “probably makes sense to raise capital to reduce risk,” the CEO said.

As for the Model S and Model X SUV, Tesla did not give a full-year estimate for sales, instead giving a half-year guidance. “We expect to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of 2017, representing vehicle delivery growth of 61% to 71% compared with the same period last year,” the company said.

GALLERY: Tesla Model 3