Tesla's very first Model 3 will be delivered today — here's what you need to know (TSLA)

Tesla Model 3

Tesla will launch the Model 3, its first mass-market vehicle, on Friday night.

The Model 3 is Tesla's first sedan targeted at a general consumer audience. Priced at $35,000, the car is sold out through most of 2018 after securing more than 350,000 pre-orders in April 2016.

Tesla will begin Model 3 deliveries at Friday's party as it slowly ramps up production to 20,000 per month in December.

The vehicle is arguably the company's most important car yet, but there are still some unanswered questions about the Model 3.

Tesla has yet to provide a real glimpse of the car's interior or finalize specs for the $35,000 Model 3. There are other potential reveals we'll be looking out for as well.

We rounded up everything we know about the car and the details that are still under wraps. Scroll down for a closer look:

First, the basics. Tesla will offer at least four color options for the Model 3: red, silver, metallic gray, and black.

Tesla's big selling point for the Model 3 is its affordability, with a starting price of $35,000 before tax incentives. But for customers who want the full Tesla experience, however, the final price will most likely surpass $40,000.

It's unclear whether customers who buy the Tesla Model 3 will be eligible for the full $7,500 federal tax incentive — that credit applies only to the first 200,000 cars a manufacturer sells domestically.

Tesla globally sold about 80,000 vehicles in 2016 and about 50,000 vehicles in 2015. Factoring cars sold since 2008, Tesla will be cutting it close to 200,000 vehicles by the time deliveries begin at the end of the year.

But the credit doesn't disappear the second an automaker hits 200,000 vehicles. Instead, the credit would first fall by 50%, CNN reported.

On its website, Tesla doesn't make any guarantees about the federal tax incentive.

"We are committed to providing you with the most current information about incentives at the time of purchase. We'll do the same when it's time for confirming your Model 3 order," the website says.

Tesla's new Autopilot system will also cost at least $5,000, but more on that later.

Tesla says the car will be able to drive at least 215 miles on a single charge. That's pretty darn good for a $35,000 car!

The latest models of the Nissan Leaf and Hyundai Ioniq Electric cost about $30,000 but have more limited ranges: 107 miles and 124 miles, respectively.

The Model 3 will compete more closely with the Chevy Bolt, which can drive 238 miles on a single charge and starts at $37,495.

See the rest of the story at Business Insider