IT'S HERE: All the details on Tesla's Model 3

Tesla CEO Elon Musk just took the stage in California to announce details for Tesla’s Model 3, the company’s first mid-size, high volume vehicle.

It’s the fourth piece of Elon Musk and Tesla’s master plan to accelerate the world into sustainable transport.

Tesla’s two current cars the Model S and Model X, are both extremely expensive. With the Model S starting at over $120,000 and the Model X when it lands at the end of this year likely to be even more expensive again. For Tesla to accelerate its mission, it needs a much cheaper vehicle – and that vehicle is the Model 3.

Here are all the key details on Tesla’s most important car yet:

– It will have a minimum of 345km range, even in base model form.

– It will go from 0-100km/h in less than 6 seconds in base model form, and even faster as you move up the range.

– Elon Musk said he’s “fairly confident it will be on sale in the USA by the end of 2017, which means it’ll likely be 2018 for Australia.

– It comfortably fits five adults.

– There is “More cargo capacity than any gasoline car of the same external dimensions,” says Musk. You can even fit a 7-foot long surfboard on the inside.

– The windscreen pane extends across the roof like the Model X.

– There’s a new touchscreen centre console that extends horizontally rather than vertically like in the Model S and Model X. There are also no dials or gauges in the dash, so all your information aside from speed will be displayed on this.

– All models will come standard with Autopilot hardware, which is needed for Tesla’s semi-autonomous driving features. But you’ll have to pay $4500 to have those “convenience features” activated, which includes the self-parking and self-driving features.

– It’s priced at $US35,000 which means it will likely start at $60,000 in Australia, once you factor in currency conversion, tax and shipping costs.

– Tesla is repurposing “almost no parts” from the Model S or Model X.

– There have been over 130,000 pre-orders in a little over 24 hours.

– This is the first look at the interior, hopefully some more pictures will roll out soon.

Here are a few more pictures from the press kit:

Here’s a short clip of the unveil:

And here’s a Periscope stream from a passenger in the first Model 3 drive.

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