Production on Tesla’s Model 3 will begin in about two years, Elon Musk revealed Wednesday. Justin Sullivan/Getty Images


Tesla fans will finally be able to pre-order the Tesla Model 3 in March when the company unveils the new car, the company’s CEO Elon Musk revealed in a tweet Wednesday.

But consumers will have to wait awhile before they actually receive their orders.

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 its Model X Signature Series SUV, 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 $5,000 more than the Model S.

Despite Tesla’s high price point, its cars remain popular.

Earlier this month, its Model S P85D received the highest ranking Consumer Reports had ever given any car, actually breaking the magazine’s rankings system.

Musk revealed in July 2014 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. Musk told Auto Express last year that the vehicle is likely to have a range of 200 miles or more.

While we don’t have too many details about the new car, Musk has said that “it will be different from any other car on the road … in a way that’s really useful …”

As reported by Business Insider