The new variants have been highly anticipated by Tesla enthusiasts who have held off on buying a Model 3. Prospective Model 3 buyers have been limited to one configuration, a long-range version with rear-wheel drive, that starts at US$49,000.

Musk said the company would allow orders for the new variants earlier in May, and would start production in July. He added that certain features, such as an air suspension, would not come until 2019.

Since Tesla has been beset with production issues, the company has streamlined the process so that it runs 24 hours-per-day every day of the week, with the exception of general assembly, according to the company’s first-quarter earnings call.

Tesla said it was looking at producing 5,000 Model 3s per week by late June, meeting its goal that was originally set for the end of 2017.

The Model 3, which starts at US$35,000, is Tesla's first mass-market vehicle and was designed to broaden the company's customer base beyond the luxury segment. The vehicle has generally received positive reviews, but some have criticised the quality of its build.

Want more stories like this? Sign up here. Follow STYLE on Facebook, Instagram and Twitter

This article originally appeared on Business Insider.