Tesla stock is popping this morning after Tesla investors and Elon Musk fanboys got some much-anticipated, if largely expected, news on the rollout of the Model 3 when shortly after 11pm Pacific time Elon Musk tweeted that the mid-range model has passed all its regulatory requirements for production two weeks ahead of schedule. "Expecting to complete" the first car Friday, Musk wrote in a Twitter post.

The company will hold a handover party for its first 30 customers of the Model 3 on July 28, he said in a separate post.

Tesla aims to produce 100 of the cars in August before ramping up to 20,000 a month in December, Musk said.