Tesla is about to launch a third-generation version of the electric car, the company announced.
The car, a first-generation model, will hit the market in 2019.
The automaker says the second-generation vehicle, called the Model 3, will deliver “the performance, versatility, and features that consumers are demanding.”
Tesla said the third-gen car will be available in 2021.
The company has been working on a third car since 2020, when it launched the Model S, which it called the world’s best-selling electric car.
The Model 3 will have an estimated range of 100 miles and a starting price of $35,000.
The first two cars were built in the U.S. and China, and sold in a limited number of markets.
Tesla’s announcement comes a day after the company said it was ending production of the Model X, its new SUV.
It also said it will be scrapping the Model III, which has been in production for nearly four years.
The second-gen Model 3 is expected to have a range of 80 miles and an estimated price of around $75,000 when it is introduced in 2019, according to the Wall Street, the Wall St Journal and other news outlets.
The third-generational car is likely to be more powerful, faster, more fuel-efficient and be capable of traveling at speeds of up to 60 miles per hour, according Tesla.
Tesla is also likely to ditch the Model B, which is a smaller SUV, and the Model C, a larger SUV.
Tesla has not said what price the new Model 3s will be priced at, but it has said it plans to offer them at $35-plus per kilowatt-hour.