Tesla has lowered the price of its Model 3 to $42,900.

Elon Musk said via Twitter on Wednesday that the vehicle comes to $35,000 after tax credits and fuel savings.

It's one step closer to the originally promised base price of $35,000 before any kind of credit and fuel savings.

In January, a tax credit available to Tesla buyers was cut in half to $3,750 from $7,500.

Tesla has lowered the price of the Model 3 to $42,900 — or $35,000 after tax credits — CEO Elon Musk announced early Wednesday.

It's still not the base-model price point originally announced by Tesla when it first unveiled the Model 3, but is a step in that direction.

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