Elon Musk just revealed when Tesla is going to start making its most affordable model yet
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But consumers will have to wait awhile before they actually receive their order.
The company will begin production on the new all-electric car in about two years and pricing will begin at $35,000, Musk said in his tweet.
The new vehicle's price is a far cry from Tesla's other models.
Tesla's Model S begins pricing at $75,000 before gas savings and cash incentives. And it's Model X Signature Series SUV, which is slated to begin shipping at the end of this month, begins pricing at $132,000.
Musk also revealed via Twitter that the regular Model X will be priced $5K more than the Model S, so at about $90,000.
Despite Tesla's high price point, its cars remain very popular.
Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.
- Elon Musk (@elonmusk) September 2, 2015
Musk revealed last year that the company was working on the more affordable Model 3, but now we have a more solid time frame of when it will hit the market.
First production cars will be handed over on Sept 29 at our Fremont factory
- Elon Musk (@elonmusk) September 2, 2015
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