The images bear a strong resemblance to the car Musk first revealed in 2016. Although Musk said the first car would have gone to Ira Ehrenpreis, a venture capitalist who founded DBL Partners, Ehrenpreis “gave those rights to me as a 46th birthday present,” Musk said on Twitter.
With its $35,000 base price, the Model 3 has been touted as a cheaper and more consumer-friendly version of the luxury Model S. The new sedan is smaller but is expected to feature the same self-drive hardware and will have a range of about 215 miles.
The four-door Model 3 will then be available to the public, with a base price of $35,000 (£27,100), almost half that of the Tesla’s next-cheapest model.
Tesla’s share price more than doubled between December and late June as investors backed Mr Musk’s strategy to transform the low-volume luxury electric car maker into a producer for the crowded mass-market, but has since fallen back.