California-based car manufacturer, Tesla has joined the electric car market as it revealed the launch of its Model 3. The Tesla 3 is believed to become the first mass production battery electric vehicle to enter the mainstream market. Tesla is expected to release this year and probably the best electronic car one can buy at $35,000.

Tesla 3 "One Of The Safest Cars In The World."

According to reports, by far, there had been 130,000 preorders that have been already placed and the number is expected to rise. Tesla CEO Elon Musk takes pride in calling the Tesla 3 "one of the safest cars in the world." Musk is confident that there will be no better car for $35,000 even with no options. Customers need to pay $1,000 down payment in order to get hold of the car, which is expected to be released by the end of 2017.

Tesla Model 3: Basic Specifications

Moreover, The Tesla 3 is set to hit the market in both rear-wheel and all-wheel drive versions. It will come with a 15-inch landscape touchscreen and include the standard autopilot hardware. All safety features will be automatically active. Also, It will have room for about 5 adults as well as arrive with front and rear trunks for storage. In its most basic specification, the model will have a range of at least 215 miles, hit 60mph in under six seconds and would cost around $35,000 (£28,000). Musk said at the car's launch that the cheapest Model 3 will accelerate from zero to 60mph in under six seconds.

As per a source, Tesla believes the production of 5,000 models per week towards the end of 2017 will increase to a production of around 10,000 per week by 2018. Though production has been delayed during the past launches of the company, Tesla is back meeting its target. Tesla 3 will compete with established names in the auto industry such as BMW, Audi, and Mercedes.