Elon Musk had promised that they will come up with a $35,000 (about Rs 24 lakh) electric car about two years ago, and here it is – Tesla unveiled the Tesla Model 3 electric sedan in the US – selling online only.

Usually, buying one of those Tesla cars will create a dent ranging anywhere from $50,000 to $1,50,000 in your pocket – but about two years ago, Elon Musk had promised for a rather affordable version that costs $35,000 for a fancy Tesla sedan. Keeping with the promise, the Tesla Model 3 electric sedan was unveiled in the US with a starting selling price of $35,000. Model 3 boasts a 220 mile range on a single charge, top speed of 130mph and a 0-60mph time of 5.6 seconds; and you can opt for a premium variant called Model 3 Range Plus costing $37,000.

The car is much cheaper, but it comes with a smaller battery, no power seats and in only one colour. And to cut down the costs, Tesla will be selling Model 3 online only to implement its plans of closing down some retail showrooms. The online-only sale model will help them cut off the dealership and maintenance costs – and make the cars available online, globally. The cost cutting will quite naturally mean some employee being laid off from retail, but as Musk said, it can even make the high-end versions of the Model S and Model X much cheaper in future. It really is worth it.

Delivering a car for $35,000 – about the average cost of a new vehicle in the US – is a “potential game changer” for Tesla’s growth – especially when it is about the “affordable” version of one of the most bought models by the company. If you are interested, you can order yourself a Tesla sedan online in the US, but there are unanswered questions about logistics and delivery – but they must have a plan on mind.