After almost two years of waiting, Tesla has finally announced the base $35,000 version of the Model 3, which you may push further down if you happen to have any incentives available in your State.

For example, in Massachusetts, Tesla’s site claims that you could be eligible for an extra $3,750 Federal Tax Credits and $2,500 Massachusetts EV rebate for a total of $6,250. As usual, it also states that you’ll save $4,300 in gas, but we won’t get into that silly advertising debate.

The Standard Range version of the Tesla Model 3 offers a shorter driving range compared to its more expensive siblings, at 220 miles, and features a new, poorer spec for the interior; the seats are now cloth, the steering and seats are manually adjusted, the navigation has lost some features and the Bluetooth audio system has been downgraded.

However, the cheaper Tesla Model 3 is still capable of doing the 0-60mph run in 5.6 seconds and hit 130 mph (209km/h) flat out, putting it in a different performance league compared to let’s say a long-range Nissan Leaf.

In addition, Tesla is launching another new version in the Model 3 lineup, called the Standard Range Plus, with 240 miles of range, 12-way adjustable heated front seats, an upgraded audio, LED fog lamps and more. Tesla says that the Standard Range Plus, which is priced at $37,000, can accelerate from 0 to 60mph in 5.3 seconds and reach 140mph flat out.

Tesla has managed to bring the $35k Model 3 into the market sooner than originally expected, as it will shift its sales worldwide to online only, enabling them to lower all of their prices by around 6 percent on average across its lineup.

A range of new over-the-air updates will be released soon for both new and existing customers, adding an average of around 5% more peak power to all Model 3 vehicles. The upgrades will also increase the range of the Long Range RWD version to 325 miles, as well as the top speed of the Model 3 Performance to 162mph.

The $35,000 version of the Tesla Model 3 is available now on the company’s website, with first deliveries expected to start as early as this month.