Tesla announced new details for its Model 3 - here's what you need to know

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model 3 event

Screenshot/Tesla

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Tesla held its handover party for the Model 3 on Friday night, kicking off the start of production for its first mass-market vehicle.

Tesla has secured an estimated 500,000 pre-orders for the Model 3 since the vehicle was first unveiled in March 2016. Starting at $35,000, the Model 3 is Tesla's first car geared at a consumer audience.

Despite its 2016 unveiling, Tesla CEO Elon Musk still had a few surprise announcements about the Model 3. Here's everything you need to know:

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