Tesla will begin production of the Model 3 in 2019, the company announced Thursday.
The announcement comes just two days after Tesla said it will start producing its new, cheaper, more fuel-efficient Model 3, which will go on sale in 2020.
The Model 3 will come with a price tag of $35K and the first two cars will cost $75K, a difference of about $4,000.
The company said in its press release that Model 3s are expected to begin production in 2019 and that the cars will have a range of about 85 miles on a single charge.
The Model 3 is expected to be the first mass-market electric vehicle that will be affordable to consumers.
Tesla said in a press release Thursday that it is working with some of the world’s leading carmakers to create a manufacturing ecosystem for Model 3 vehicles.
Tesla has said it has begun production of 100 Model 3 units per week since the start of the year.
It also said it plans to make more vehicles in the future.