Expect Tesla Model 3 to be revealed in the End of March

Tesla has stated that the Model 3 EV will be unveiled on March 31.

The automaker wants the vehicle to be the first mass-market car. It will cost nearly $35,000. Deliveries will kick off in the second part of 2017. Fully-electric driving range of the vehicle will prove its success. The car is expected to ride 250 miles.

In 2015 the automaker lost almost $880 million. Now it wants to generate positive net cash flow. Tesla is intended to reach non-GAAP profitability for this year.

The Gigafactory, a massive battery plant is being developed by the manufacturer. The company wants to open 80 retail locations and install 300 innovated Supercharger locations during this year.

Pictures will be shown on the last day of March. Details on the vehicle may come out a little bit later.