Elon Musk unveiled the long awaited Tesla Model 3 on Thursday March 31 2016 at Tesla Motors’ design center in city of Hawthorne in California. Tesla Model 3 base price before rebates and discounts is $35000 and the Model 3 average price after inclusion of options is estimated at $42000. Here is how fast people have been putting the $1000 deposit down to pre order Tesla Model 3.

Tesla Model 3 orders is expected to surpass 300000 by end of the first week of April 2016

Tesla Model 3 orders is expected to surpass 300000 by end of the first week of April 2016

Elon Musk said that he is confident to start delivering the Model 3 in Fall 2017. Nonetheless extrapolating from previous Tesla performance in delivering Model X and Model S indicate that mass production and first deliveries will most likely happen in late 2018 and maybe even in 2019. The full option package price is expected to be close to $50000 US Dollars. Here are the first released photos of Tesla Model 3. Here is the first Video of the first Test drive of Tesla Model 3 in Hawthorne California :

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