Tesla Model 3 Unveil On March 31, Deposits Accepted That Day

Tesla Motors held its quarterly conference call yesterday for its fourth-quarter and 2015 full-year financial results, and some of the numbers weren't great.

But for eager buyers and Tesla advocates, the most important news concerned the upcoming Model 3, the company's third generation of electric cars.

Long promised to deliver 200 miles at a starting price of $35,000 before incentives, we now know incrementally more about the Model 3 rollout than we did 24 hours ago.

DON'T MISS: Tesla Model 3: What We Know About Its $35,000, 200-Mile Electric Car

Tesla CEO Elon Musk confirmed that the Model 3 will be unveiled by the end of next month, although the March 31 date came from the letter to shareholders that accompanied release of the financial results.

And, he reiterated that the new vehicle will go into production by the end of next year:

We're really looking forward to the unveiling of the Model 3 at the end of next month.

I think this is going to be really well received, and then getting into production and delivery at the end of next year.

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In regard to an analyst's question on what, exactly, will be revealed about the Model 3 at the end of March, Musk responded:

Yeah, we're trying to decide whether we should show all the cards or keep a few cards close to the vest, I haven't made decision yet.

Whatever it reveals next month, however, the company believes that will be sufficient to let potential buyers decide whether they want to put down a deposit on the future car.