Two models will be available at launch: the four-wheel-drive, long-range version is capable of 338 miles on a single charge, according to WLTP testing. The Performance can do 330 miles.
The 4WD version reaches the 0-60mph benchmark sprint in 5.1sec and has a top speed of 140mph, while the Performance achieves 0-60mph in 3.5sec.
Cheaper Model 3 variants are due to arrive later, potentially lowering the entry-level cost to around £35,000.
Model 3 owners will not get free access to the Tesla Supercharger high-speed charging system, with the American company planning to charge for electricity as demand grows and it requires more investment to build up its charging network.
Tesla’s latest results from the third quarter of 2018 showed that it hit production targets for the Model 3, building 53,239 units. This followed a tumultuous second quarter in which a temporary ‘tent’ was constructed outside the firm’s Californian plant containing another production line so as to increase output.
The highly anticipated Roadster, a sports car which promises to hit 0-60mph in 1.9sec, is pegged to arrive in 2020.