Tesla's (TSLA) Model 3 has been born. 

CEO Elon Musk tweeted photos of the first Model 3 ever produced, which appears to be black, in the evening on Saturday. The car is going straight to Musk's garage. "Ira Ehrenpreis had rights to 1st car as he was 1st to place a full deposit, but gave those rights to me as my 46th bday present. Tks Ira!," Musk said on Twitter

Musk has said that production should ramp up quickly with 100 Model 3s produced in August, followed by 1,500 produced in September and up to 20,000 produced per month starting this December. 

The electric car company first started accepting reservations for the Model 3 with a refundable $1,000 deposit in stores on March 31, 2016 and online on April 1, 2016. Tesla's first car, the Tesla Roadster, came out in July 2006 and was followed by the premium and highly customizable sedan Model S in June 2012 and the family-style SUV Model X in September 2015.

pic.twitter.com/is6Hthjjoj

— Elon Musk (@elonmusk) July 9, 2017

Visit here for the latest business headlines.

Watch Tesla news on TheStreet:

More from Stocks

Your Need to Know - Forward Look

Your Need to Know - Forward Look

A Guide to Investing in the Fast-Emerging Cannabis Industry

A Guide to Investing in the Fast-Emerging Cannabis Industry

Cramer: Amazon Will Be an 'Outsized Winner' When Consumer Trends Shift Online

Cramer: Amazon Will Be an 'Outsized Winner' When Consumer Trends Shift Online

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback