Tesla Model 3 will launch next year, price set at $35,000

The wait is finally over as the Tesla Model 3 has been revealed. Said to offer at least 215 miles of range and priced at a more than reasonable $35,000, the electric car should launch by the end of 2017.

Feature-wise, it comes in rear-wheel drive and all-wheel drive versions, seats five adults comfortably, and includes a 15'' landscape touchscreen, autopilot hardware, front and rear trunks, and automatic safety measures. And of course, it supports Tesla's Supercharging network. As for acceleration, it can do 0-60 mph is under six seconds.

CEO Elon Musk boldly proclaimed at the reveal that the Model 3 will be one of the safest cars in the world, and that "you will not be able to buy a better car for $35,000, even with no options."

Pre-orders -- which ask for $1,000 down -- at last count stood at 130,000.