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Read More >Tesla has been the hottest car company in the US for months now, and with all that money going to electric car manufacturing, it’s been pretty much impossible to stop. 

But the company is getting ready to launch a new car in the near future, and that car will probably be the Tesla Model 3.

Tesla has said the car will be the company’s “largest ever” and will be priced at $37,000, which is $5,000 less than the Model S sedan it’s based on.

Tesla CEO Elon Musk said at the company launch event that the car won’t be a crossover, but instead a sedan with an “all-electric powertrain” and a “supercharged” version.

The Model 3 is Tesla’s new flagship sedan.

It will be available in the fall, and Musk is expected to show it off at the Consumer Electronics Show (CES) in Las Vegas in January.

We asked Tesla if the Model 3 was the company inching closer to making the $35,000 price point it has for the Model 2 and the Model X, and the company confirmed that it will be coming later this year.

“The Model3 will not be a true crossover,” Musk said in a statement to Mashable.

“It will be an all-electric car with a supercharged powertrain.”

So, where does that leave the Model Y?

We already know that the Model 9 will be getting a new name, but it seems like Musk isn’t ready to give up on the Y. “There are still many things that need to be worked out, but the Y will be on the road in 2019,” Musk wrote on Twitter.

We’ll update this story as we learn more.