And Tesla claims there are 115,000 preorders, which is madness.

After a long wait, Tesla has finally unveiled the Model 3. It’s what we were expecting (and hoping for) – a less-expensive, versatile, attractive five-seater with decent range and a low price. It rounds out Tesla’s revised Secret Master Plan, as Elon Musk cheekily called it, that started with the Roadster, progressed to the Model S, and grew to encompass the Model X.

That’s all fine, but did you catch how many preorders Musk said the company had received for the Model 3 by this evening? 115,000 – a staggering number. If you’ll remember, each reservation to purchase a Model 3 requires a $1,000 (refundable) deposit.

Here’s the other stuff you should really know about Tesla’s entry-level electric vehicle. For one, Musk promises it’ll ace every safety test category. All will be standard with Autopilot hardware (autonomous driving functionality) and Supercharging (very fast recharging) capability.

It’ll also seat five real adults in comfort, as Tesla has squashed the instrument panel a bit and moved the front seats forward to clear rear legroom. To give a sense of airiness to the cabin, and also to gain some extra headroom, it’ll have a roof made of two large panes of glass, with the windshield meeting the backlight just above the A-pillar. Neat. In case you surf, it’ll swallow a 7-foot surfboard, apparently.

Read more: Autoblog