It's Tesla's most affordable car yet.
The Model 3 starts at $35,000, not including federal tax exemptions.
It can go from 0 to 60 miles per hour in just six seconds.
The Model 3 has a starting range of 215 miles.
Musk says more expensive versions of the car will achieve faster speeds and longer range.
Here's how the Model 3 looked at Tesla's big event.
Here's another look at the three Model 3 cars.
All three colors looked gorgeous on stage.
I wonder what this driver is thinking. "Wait, this isn't Joe's Crab Shack!"
Let's take a look at the red Model 3.
The middle of the car looks like a Model S, but the front looks like a Model X.
Another view of the front. This metallic red is a great, strong color.
Another look at the front of the car.
The Model 3 is a sedan, but it's surprisingly roomy.
The Model 3 seats up to five people and can fit a 7-foot surfboard. I don't even own a surfboard and I'm excited about this fact.
This is one of my favorite views of the car. The swooping lines from the rear end of the car are modern, aerodynamic, and quite beautiful.
Another look at the rear of the car. So glossy!
Let's take a look at the silver Model 3.
This car gives us a view of the car's 15-inch touchscreen display, which provides information, entertainment and navigation.
Here's another view of the central console. There's no separate console for the driver to see information like gas and speed, it's all right here on this touchscreen display.
Here's the front of the silver Model 3.
Another view of the front.
And here's another one from my favorite angle, emphasizing the swooping lines from the rear of the car.
Here's the back of the silver Model 3. Even the tail lights look nifty.
Finally here's a look at the third color we saw on stage, which is a dark gray, almost charcoal color.
Unlike the other two cars on stage, the car's color is matte, which makes it look super sleek and high-end.
This is definitely my favorite color on this car.
As for other specs, the Model 3 comes with supercharging and Autopilot standard, but you'll have to pay extra for Autopilot's "convenience features," <a href="http://www.techinsider.io/every-tesla-model-3-comes-with-autopilot-2016-4"target="_blank">Musk tells Tech Insider</a>.
All in all, it looks like Tesla didn't cut corners to cut down on cost.
The Model 3 will start shipping hopefully by the end of next year.
