A new Model 3 is being developed by Tesla and will be introduced at the end of August.

The next several weeks will see the start of work on a new Tesla Model 3, which is the company's most affordable vehicle.

 We have been aware of the Highland program, the model's next generation, for more than a year.

Customers won't get their new Model 3 cars until the fourth quarter after Tesla cut delivery times for all new orders in Europe last October.

Deliveries are only anticipated in January 2024, and the future Model 3 may be to blame for the delay.

 With a focus on speed and efficiency, it delivers a substantial range in a shorter time span.