Tesla has finally unveiled the highly anticipated $35,000 Model 3 car, hours after fans around the globe already began lining up at its stores - ready to order the luxury brand's new affordable vehicle.

Elon Musk dramatically revealed a red, silver and matte black model of the electric car after a lengthy talk that covered the company's dedication to the environment and journey to affordability.

He revealed that the Model 3 will be able to go zero to 60 miles an hour in less than six seconds, saying: 'At Tesla, we don't make slow cars'.

Tesla has finally unveiled the $35,000 Model 3 car, hours after fans around the globe already began lining up at it's stores - ready to order the luxury brand's new affordable car

The Model 3 will be able to go zero to 60 miles an hour in less than six seconds

The billionaire founder noted that the car will able to go 215 miles per charge, at minimum, and will fit five adults comfortably.

The slick design features one continuous pane of glass in the rear roof area, which Musk said will give passengers amazing headroom and a 'feeling of openness'.

It is also 20 percent smaller in stature than the Model S and will be fitted with autopilot features.

Like the Model S that came before it, Model 3 will feature front and rear trunks and boasts more cargo capacity than any gasoline car of the same external dimensions.

And Musk promises that a 7-foot surfboard will be able to fit inside.

'It's going to be an incredibly safe car,' Musk said when he first presented the Model 3 at the company's design studio in Hawthorne California.

'We really believe with Tesla that safety has to come first, it's paramount. It will be 5-star in every category'.

Musk said deliveries for the car will begin at the end of next year.

'I do feel fairly confident it will be next year,' Musk joked to the amped up crowd, before repeating the car's widely-publicized $35,000 price tag.