The long-awaited entry-level Tesla Model 3 is finally here. After promising a $35,000 Model 3 for over a year, Tesla unveiled the 350-km Model 3 on Thursday.

A link from the official release, that led to the configuration page of the new Model 3 suggests that the car will be on sale under three categories- Standard Interior, Partial Premium Interior and Premium Interior. This amounts to four variants including Standard Range, Standard Range Plus, Mid-Range and Long Range.

The new entry-level Model 3 can be configured and booked online.

While the entry-level model falls short of Tesla’s full Autopilot driver assistance systems, the same is compensated with 5.6 seconds of 0-100kph time and a top speed of 209kph. Meanwhile, Tesla boss Elon Musk said that the buyers will also be able to upgrade their cars at a later date.

The Standard Interior comes with cloth seats and an infotainment system that Musk says is “slightly better” than that originally promised. Adding to this, he also stated that the entry-level model will also benefit from a panoramic glass roof as standard.

Excluding potential incentives and gas savings, the Standard Range Plus is launched at $28,950. This features 380km of range and a top speed of 225kph. The Mid-Range Model 3 is priced at $31,950 while the Long-Range will cost you $34,950.

The entry-level model misses out on Tesla's autopilot driver assist system.

The new models have been launched in the USA with international bookings expected to begin later this year. Interestingly, Musk announced that the new Model 3 can be booked over a smartphone. The company will offer a full refund within one week or 1610km, allowing customers to try them and return without penalty, a concept Musk said could partly replace traditional test drives.

The entry-level Tesla Model 3 has been launched suspiciously a day after Polestar unveiled the 2. With as much tech-trickery as the Model 3, the Polestar now poses as a potential opponent for the American manufacturer’s mass-market EV.