From Tesla’s press kit:

Model 3 is a smaller, simpler and a more affordable electric car. Designed and built as the world’s first mass-market electric vehicle, it is a critical step in Tesla’s mission to accelerate the world’s transition to sustainable energy.

Like every Tesla vehicle, Model 3 combines range, performance, safety and technology. Intelligent design maximizes interior space to comfortably fit five adults and all of their gear. The high-efficiency powertrain provides zero to 60 mph acceleration in as little as 5.1 seconds.

Model 3 is designed to achieve the highest safety ratings in every category. Combined with 220* to 310 miles of range and a starting price of $35,000 before incentives, Model 3 is Tesla’s most affordable vehicle yet.

Model 3 is currently in production, and deliveries to employee reservation holders began on July 28, 2017 at the Tesla Factory in Fremont, CA. Reservations for Model 3 first opened on March 31, 2016 and remain available today.

* EPA estimated range

STANDARD EQUIPMENT

Price – $35,000

Standard Battery

• Range: 220 miles (EPA estimated)

• Supercharging rate: 130 miles of range per 30 minutes

• Home charging rate: 30 miles of range per hour (240V outlet, 32A)

• Deliveries begin: Early 2018

Performance

• 0-60 mph: 5.6 seconds

• Top speed: 130 mph

Interior

• 15” touchscreen display

• Dual zone climate control system

• FM/Internet streaming radio

• Textile seating

• Front center console with open storage and two USB ports

Convenience

• Onboard maps and navigation

• Wi-Fi and LTE internet connectivity

• Keyless entry and remote climate control using the Tesla app

• Voice activated controls

• Bluetooth hands-free calling and media streaming

• 60/40 split folding rear seat to maximize cargo options

• Back-up camera

• Auto dimming rear-view mirror

• One-touch power windows throughout

• Power-adjustable side mirrors

• 12-volt power outlet

Safety

• Full LED exterior lighting

• Eight cameras, forward radar and twelve ultrasonic sensors enabling active safety technologies including collision avoidance and automatic emergency braking

• Six front row and two side curtain airbags

• Three-point safety belts with belt-reminders for driver and four passengers

• Two LATCH (Lower Anchors and Tethers for Children) attachments in second row

• Electronic stability and traction control

• Four-wheel antilock disc brakes with electronic parking brake

• Child safety locks

• Anti-theft alarm system

• Tire pressure monitoring system

Warranty

• Vehicle: 4 year, 50,000 mile limited warranty

• Battery warranty: 8 year, 100,000 mile (120,000 mile with Long Range Battery)

OPTIONS

Long Range Battery – $9,000

• Range: 310 miles

• Supercharging rate: 170 miles of range per 30 minutes

• Home charging rate: 37 miles of range per hour (240V outlet, 40A)

• 0-60 mph: 5.1 seconds

• Top speed: 140 mph

• Deliveries begin: July 2017

Paint

• Solid Black: Standard

• Midnight Silver Metallic: $1,000

• Deep Blue Metallic: $1,000

• Silver Metallic: $1,000

• Pearl White Multi-Coat: $1,000

• Red Multi-Coat: $1,000

Wheels

• 18” Aero: Standard

• 19” Sport: $1,500

Premium Upgrades Package – $5,000

Upgraded interior with additional features and premium materials.

• Premium heated seating and cabin materials throughout, including open pore wood décor and two rear USBs

• 12-way, power adjustable front seats, steering column and side mirrors, with custom driver profiles

• Premium audio system with more power, tweeters, surround speakers and subwoofer

• Tinted glass roof with ultraviolet and infrared protection

• Auto dimming, power folding, heated side mirrors

• LED fog lamps

• Center console with covered storage and docking for two smartphones

Enhanced Autopilot – $5,000

Model 3 will match speed to traffic conditions, keep within a lane, automatically change lanes, transition from one freeway to another, exit the freeway and self-park at your destination.

Additional features will roll out over time through software updates.

Full Self-Driving Capability – $3,000 (requires Enhanced Autopilot)

In the future, Model 3 will be capable of conducting trips with no action required by the person in the driver’s seat.

This feature is dependent upon extensive software validation and regulatory approval, which may vary by jurisdiction.

VEHICLE SPECIFICATIONS

Dimensions & Weight

• Length: 184.8”

• Width: 82.2” (76.1” with mirrors folded)

• Height: 56.8”

• Wheelbase: 113.2”

• Track (wheel center): 62.2” front and rear

• Ground clearance: 5.5”

• Head room, standard: 39.6” front row, 37.7” second row

• Head room, glass roof: 40.3” front row, 37.7” second row

• Leg room: 42.7” front row, 35.2” second row

• Shoulder room: 56.3” front row, 54.0” second row

• Hip room: 53.4” front row, 52.4” second row

• Seating capacity: 5 adults

• Luggage capacity: 15 cubic feet

• Curb weight:

3549 lbs. (Model 3)

3814 lbs. (Model 3 Long Range)

• Weight distribution:

47% front, 53% rear (Model 3)

48% front, 52% rear (Model 3 Long Range)

Body

• Hybrid steel/aluminum body

• Drag coefficient of 0.23

Chassis

• Double wishbone, virtual steer axis front suspension with coil over twin-tube shock absorbers and stabilizer bar

• Independent multi-link rear suspension with twin-tube shock absorbers and stabilizer bar

• Variable ratio, speed sensitive electronic power steering

• Electromechanically boosted four wheel anti-lock disc brakes with electronic brake force distribution

• 18” Aero or 19” Sport wheels with all-season tires

Standard Accessories

• 240 volt NEMA 14-50 adapter

• 120 volt NEMA 5-15 adapter

• J1772 public charging adapter

• 20 foot mobile connector with storage bag

Ross Gerber of Gerber Kawasaki via Twitter:

The Tesla comp package is insane. Elon makes nothing unless the stock almost doubles and he reaches $20 bil in rev or $1.5 bil in EBITA. If he does he makes like $400 mil in option gains. Then goes up in $50 bil increments of market cap. I like it! His strike is $350

I think Elon’s stock incentive plan will easily pass shareholder voting since ultimately I think it’s aligned with shareholder interest.