In a time of financial crisis, many automakers have turned to automation for cost savings, and Tesla’s electric sedan has been one of the most talked about models.

    Now, the automaker has confirmed that its next model, the Model 3, will be powered by a supercharged battery pack that uses lithium ion batteries.

    The announcement comes as the company has announced plans to roll out a range of new Model 3 electric vehicles by the end of 2020, with the first vehicles to arrive in 2019.

    This week, Tesla CEO Elon Musk announced that the Model X SUV will begin shipping in early 2020.

    Musk also confirmed that the company is working on the Tesla Semi, a vehicle that will allow customers to drive up to 100 miles on a single charge.