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All-new Tesla Model 3 could be unveiled March 31st

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It looks like Tesla is preparing to introduce its all-new Model 3 compact electric car at a special event in Southern California on March 31st. The report comes from Fortune magazine, which quoted the Tesla Motor Club website.

No other details are available at this point, however. 

The Tesla Model 3 is expected to sell at around $35,000 in the U.S., making it far cheaper than the Model S. Canadian pricing has yet to be announced. 

Come back on March 31st to possibly get your first official look at the Model 3!