8:37 Elon Musk on stage! Talking about why Tesla exists and why Tesla matters. “This is really important for the future of the world.”

8:40 A bit of stuttering, but Musk is discussing his “Top Secret Master Plan” that all begun with the Tesla Roadster, that you could create a really great electric car. “People thought the electric car would be ugly, slow and have low range” “We’re here to prove different”.

8:44 The Model 3 is happening thanks to the Model S and Model X. Musk jokes that Model S and Model X buyers paid for Model 3.

8:46 Model 3 will be 5 star crash test in EVERY category, and 0-60 in less than 6 seconds. “At Tesla we don’t make slow cars…and of course there will be a Model 3 that’s much faster.”

215 Miles per charge minimum, and autopilot features will be available at launch, and will fit 5 people comfortably.

2 Important design changes, moved instrument panel up to “firewall”, so that front seats are moved forward.

Back window and roof is a single continuous pane of glass.

8:49 Yes you can fit a 7′ surfboard inside. All Model 3’s will come with Supercharging standard. “Gives you freedom of travel”

By next year there will be 7500 superchargers and over 15000 destination chargers. Wherever you go in the world, if there is electricity you can charge.

8:50 Buying and servicing- Expected 441 locations worldwide.

8:51 There is a need for high volume production, by 2017 expected to be able to produce capacity of 500,000 cars per year.

The Gigafactory will be the largest lithium ion battery factory in the world, and is already in operation.

8:53 Model 3 will be delivered next year. “I’m fairly confident”. The starting price will be $35000

IT’S HERE!