If you’re interested in a Tesla but haven’t been able to afford the automaker’s Roadster sports car, Model S sedan or Model X crossover, you’re in luck: Tesla has just revealed the new, more affordable Model 3, which is expected to go on sale late next year.
The new Tesla Model 3 is the next chapter in the brand’s growing lineup following its enormous success with earlier, fully electric cars. But unlike those cars, the Model 3 is designed to be affordable for the masses, with prices starting around $35,000 — about half the cost of a base-level Model S sedan.
As for specifics, we don’t know many — other than the fact that Tesla promises a fully electric range of at least 215 miles, an impressively quick 0-to-60 mile-per-hour time of around 6 seconds for even the base model, and autonomous capabilities on all versions. Tesla also says the Model 3 will reach dealers by the end of 2017, though earlier Tesla models have been plagued with delays.
Still, shoppers seem to be excited about the new Tesla Model 3 — regardless of when it goes on sale. Lines formed at Tesla dealerships nationwide on Thursday as drivers looked to place $1,000 deposits to preorder the vehicle — many before it was even shown off to the public. In all, Tesla says it has already collected 130,000 reservations for the vehicle — a figure that’s sure to grow in the coming weeks.