While there are a number of tests that Elon Musk and his Tesla have to face in 2017, some of these trials are more significant than the others. Musk's dedication to clear these tests will eventually conclude the success of a new era of electric automotive industry. 2017 will mark the tenth year anniversary to Elon Musk's becoming a CEO and gaining power at Tesla.

Tesla was coming to a halt after a near bankruptcy in 2008, but it got back on track and became a multibillion-dollar company today. That said, the three important tests in 2017 that Elon Musk's Tesla needs to pass are discussed in brief below.

Tesla's 3 Tests of Ultimate Success in 2017

• The Launch of Model 3 needs to stick to the schedule

Musk's Model 3 is an upcoming budget electric vehicle in 2017 that has a price tag of $30,000 excluding taxes. Tesla has designed and developed this vehicle keeping in mind the price point. Musk plans on executing this by using sheet metal in place of aluminium for the panels with a compact battery. Plus, the interiors are also sacrificed so that it can be a cost-effective car.

Building a car is not new for Tesla. We have already seen cars such as Model S and Model X SUV already launched previously. But, the problem is keeping the launch on schedule. Model X SUV faced delays and we worry this could be a case with Model 3 as well. Model 3 testing will start in the early quarters of 2017 and that will decide the final date. But, it is unlikely that there will be a delay in testing the equipment as these are already existing under Tesla which will only be put together to build the cheap Model 3 electric vehicle. It has bright future as over 40,000 cars are already pre-booked at $1,000 each by consumers.

• Tesla's integration with SolarCity to combine Tesla products with solar panels

This test would be much harder than the first one. Elon musk's Tesla is into a $2.6bn with SolarCity. But, this does bring in a $3bn debt with it. However, the real challenge is to merge the automotive industry with the solar panel industry. And, it seems like Musk might actually come up with something to install the solar panels from SolarCity into its "green" vehicles. If the plan fails, it is going to be a multi-billion dollar loss.

• Tesla's cash problems:

Unlike other major vehicle manufacturing companies, Elon Musk's Tesla produces a limited number of cars every year. With just around 100,000 vehicles per year, the automotive company still lacks the mass production factors as seen in other major automotive players. A lot of this has to do with cash. Plus, Tesla cars have been quite costly.

Model 3 might give the company a new hope for mass production. But, that depends on how consumers review it. Getting in debt and ups and downs at the stock price of the company are already being a problem. Plus, the SolarCity integration will give a hard time this year. Will Tesla be able to pass these tests related to production, integration and finance? We'll soon find out.