On Friday, shares of Tesla Inc. (TSLA - Free Report) are gaining, up around 2.3% to $260.77 per share in midday trading after CEO Elon Musk went on a tweetstorm early this morning, sharing the first video of the upcoming Model 3 electric car.

 

First drive of a release candidate version of Model 3 pic.twitter.com/zcs6j1YRa4

— Elon Musk (@elonmusk) March 24, 2017

While the short video clip doesn’t show us anything new, as investors, car enthusiasts, and the thousands of individuals who have put down payments on the Model 3 already have a clear idea of what the vehicle looks like, Musk is known for hyping up Tesla fans.

He went on to clarify the positioning of the Model 3 in relation to Tesla’s Model S. The Model 3 should not be thought of as the “next version” of Tesla, like Apple Inc. (AAPL - Free Report) going from the iPhone 2 to the iPhone 3, but as a “smaller, more affordable” Tesla; the Model S will always be the Tesla with “more advanced technology.”

Am noticing that many people think Model 3 is the "next version" of a Tesla, like iPhone 2 vs 3. This is not true.

— Elon Musk (@elonmusk) March 24, 2017

Musk also replied to a many current and potential Tesla customers about what they can expect from the company in the near future. Apparently, the first Model 3 cars will all come with rear-wheel drive, and that all-wheel drive and dual-motor versions of the Model 3 will come six to nine months after initial launch. Performance versions, however, can be expected “probably a year from now.”

The Model 3 will have a single screen that combines instrument cluster and infotainment information in one place. Musk said that its Model S will remain the fastest Tesla until the company’s next-generation Roadster is released, though he said that vehicle is “a few years away.” He also mentioned a Tesla semi-truck that could beat sports cars from zero to 60 mph, and that Tesla and SolarCity will begin taking orders for its solar roof product in April.

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