Tesla Model 3 release rumors: First commercially produced electric car out in the market by late 2017

(REUTERS/Tesla Motors/Handout via Reuters)A Tesla Motors mass-market Model 3 electric car is seen in this handout picture from Tesla Motors on March 31, 2016.

There is no denying that, after the Tesla Model 3 was unveiled in March this year, many environment advocates jubilated that, finally, an environment-friendly electric car will be soon available to the general public. With the recent reports claiming that the Tesla Model 3 will be available commercially available a little more than a year after its unveiling, the dream of the environment advocates to have a vehicle that does not emit the ozone layer-destructing carbon monoxide is inching its way to becoming a reality..

According to reports, Tesla has set its eyes on releasing half a million units of the Tesla Model 3 next year, which is aimed at the middle-class consumers. While some people believe that setting such a target is crying for the moon, it has been learned that the car manufacturer is planning to put up an innovative factory that will make its plans viable.

Meanwhile, it has also been learned that those who are interested in owning the Tesla Model 3 can now strengthen their bid to own a unit by making a $1,000 deposit for the innovative and environment-friendly car that will carry a total of $35,000 price tag once it hits the market.

Apart from being environment friendly, as it will not run on fossil fuels but electricity instead, the Tesla Model 3 also comes with other impressive features, such as its ability to be converted into a makeshift tent via its "Camper Mode," which will allow the owner to fold the seats. The electric car will also come with a 17-inch LED touch screen display that its would-be drivers can refer to for information on its speed and weather conditions.

It is also said that the Tesla Model 3 will come with an autopilot feature and a "summon capability feature," which can help owners to a certain extent in the event that the need for them to unlock the car arises.

While the news saying that the Tesla Model 3 is coming out late next year is, without question, a reason to jubilate for those anticipating the electric car, according to other sources, there is a possibility that Tesla employees are being prioritized for its release, and the car may debut in Asia first before arriving in the American market.

But, for many people, who gets the Tesla Model 3 first is not really a question. For them, the important thing is that an environment and middle class-friendly car is about to become a reality, and it's coming out really soon.

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