BMW M3 better watch out as Tesla’s much-awaited Model 3 is about to dethrone it with its performance. This comes as Tesla’s CEO Elon Musk presents the credentials of the model shortly before its market launch.

The electric motor motivated car was unveiled by the CEO in April 2016 and despite market rumours about the company’s performance and production niggles, the company says it will be able to produce 6,000 cars per week by the end of the June 2018. It also says it expects to be profitable in third and fourth quarters of 2018.

Using social media, Elon Musk tweeted the specification of the all-wheel drive (AWD) Model 3 which will comes with two motors, all-wheel drive and a top speed of 250 km/h. The electric car can go from 0-96km/h in 3.5 seconds and comes with a reasonable range of 500kms. Musk also announced a performance package for the Model 3 that will be offered to customers at price of $78,000, which includes cost of all options, wheel, paints among other kit. Autopilot feature has not been included in this price package.

The Model 3 is priced the same as the BMW M3 but will come with quicker and better handling, Musk has promised in his tweets. Elon Musk also claims that the new car will beat anything in its class on the track.

The AWD variant comes with two motors, so even if one of the motors break down, the car can run with the help of the other motor. The motors have been placed on the front and rear ends of the car. According to Musk, one of the motors has been optimised for power and the other one for range. The previous version of the Model 3 had no AWD option.

The cost for upgrading from single rear motor to a dual-motor AWD is $5,000 as per the tweet. Musk said that the standard model (or without the upgrade) can reach 96km/h in 4.5 seconds and comes with a top speed of 224km/h. The CEO, earlier also tweeted saying that the “Driving Feels Amazing” explaining the performance of the new package.

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