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Suggesting there may be significant pent-up demand for an affordable electric car with decent range, Tesla Motors revealed the design of its $35,000-and-up Model 3 during a invitation-only event late Thursday.

The unveiling took place after a day of anticipation during which thousands of people waited in line at Tesla showrooms to place $1,000 deposits on the car, sight unseen.

More than 115,000 people made reservations for the Model 3 within the past 24 hours, Tesla CEO Elon Musk said at Tesla’s design studio in Hawthorne, Calif., as he revealed the Model 3, with an aerodynamic, genre-bending design somewhere between sedan and hatchback and a huge, tablet-like screen between the front seats.



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Who Is Laughing Now? Tesla Secures 115,000 Preorders In Under 24 Hours For New Model 3

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