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Tesla Unveils its $35,000 Model 3 Electric Car
Tesla Unveils its $35,000 Model 3 Electric Car

At an event in Los Angeles, Tesla today unveiled its latest electric car, the Model 3.

Although it seems small when compared to the Model S, Tesla's latest car features plenty of storage in the front and rear, and can accommodate a seven-foot long surfboard in the cabin.

A little over a week ago, the company allowed owners of its Model S sedan and Model X SUV to skip the queue to book a vehicle.

Video of the Tesla Model 3 Reveal which was recorded at Tesla HQ in California

That's 115,000 cars worth more than $4 billion at the base price of $35,000 - but expect many of those cars to sell for considerably more than the base price.

He revealed the numbers at the end of the special event for media and current Tesla owners, though we don't know much more about the car other than the base price, the fact that it will go at least 215 miles on a charge, and that it'll ship at the end of next year.

Considering the fact that most of those preorders came before the car was revealed, Tesla might just have a hit on its hands, even though the car won't begin shipping until late next year.