Elon Musk, CEO of the Tesla earlier confirmed that the Model 3 electric car scheduled for launch is more of a prototype and they are planning to keep majority of the information under wraps.

The company is yet to decide on a lot of factors which led them to make this decision.

The outline for the Model 3 is that it is promoted as the cheapest electric car to be offered by the company with a great mile range. Most other models from competing manufacturers have low powered batteries which has a total mile range pegged at 30 to 70 miles. It is not an easy task to create a car that could run solely on an electric motor yet cost less.

Tesla is planning to overcome this practical difficulty by mass producing batteries in their new gig factory. Musk confirmed that this has always been their plan. The first is to create an expensive electric car for the elite crowd which is the Model S and the SUV – the Model X and finally the cheap car to reach the masses. Model 3 is obviously the last in the lineup after which EVs could become mainstream in the customer market.

The car is readied for a grand launch and it will be done in two parts according to the company’s official statement. The reveal is going to take place in a couple of hours when we will be able to know more about what Musk has planned for the particular model. The first part will showcase a prototype design of the car, some information related to the mile range, battery power and engine capacity.

Musk added that part two of the reveal will happen again, obviously close to the launch date. The online customizer tool for the Model 3 is already open. The company has started taking pre-orders for the car. People can reserve one for them by paying $1,000. Priority will be given to those who have already purchased a car from Tesla. Actual release dates are yet to be known and buyers hope that the company don’t delay delivery once again as they did with their previous launches.

Posting the news on Twitter, Elon Musk confirmed that an actual car will be showcased during the launch event. However, a lot of details including some key information may change before launch which is why they are going to split the event into two parts. Another rumor claimed that Tesla has plans to launch a Model Y. It is a crossover and a cheaper version of the Model X SUV.