The first Tesla vehicle is already rolling out in stores, and Tesla CEO Elon Musk has revealed that he expects the Model 3 to arrive by Christmas.
It’s already here in the US and Canada.
Tesla’s stock has increased by 40 percent since the start of the year, and the company is now valued at $50 billion.
Musk said during a conference call that the company expects the first vehicle to hit store shelves by the end of the summer, though Tesla will not have a release date.
Musk also said that the Model X, which he said is due out in 2020, will be priced at $70,000.
The Model 3 is expected to hit the market by the middle of this year.
The Model 3’s battery pack is expected with the vehicle.
Musk also announced that Tesla will be shipping out a new “self-driving” car for testing, which will feature a “driver-assistance system” to keep it from going into a crash.
Musk says the car will be ready for public testing by 2021.
Tesla plans to use a fleet of 200 self-driving cars to test self-parking technology in the coming months, Musk said.
A Tesla spokesperson declined to comment on Tesla’s first vehicles.