5 things we want to see in Tesla's first affordable car

During a Tesla event in October 2014, Musk said that all Model S cars going forward would be equipped with Autopilot hardware, which enables the company's semi-autonomous system.

Musk has also made it clear that Autopilot is a big focus for Tesla right now and that self-driving cars are the future.

All to say: it makes a lot of sense for the company to include Autopilot hardware in the Model 3. However, consumers will still have to shell out a few thousand dollars to turn the function on.

There's a good chance that the Model 3 will get a range closer that of the Model S 70, which is 240 miles per charge.

During a Tesla press conference in March 2015, Musk was asked about the range of the Model 3 and he hinted that it would be more than 200 miles per charge.

"Two-hundred miles is minimum threshold for an electric car. But it does need to be a true 200 miles," Musk said. "It's got to be 200 miles you can count on. And that is kind of a passing grade and anything below that is not a passing grade. But ideally, people are looking for a bit more than that, I'd say at least 20% to 30% more than that. So that is why we tend to favor a range of closer to 250 miles to 300 miles."

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Tesla's retractable door handles are in a word, awesome. We're really hoping Tesla doesn't skip this feature in the Model 3. It may be silly, but it's a characteristic feature that makes Tesla's cars feel that much more futuristic than they already are.

There's speculation that Tesla won't offer leather seats in the Model 3.

According to a post on Tesla Motors Club by a member who goes by Mr Jones 390, Tesla's Model 3 will not have luxury features like leather seats.

Mr Jones 390 claims he spoke to an insider who shared the information with him.

We know that the Model 3 can't have everything that the Model S has, but we sure hope Musk doesn't take away leather seats as an option!