The Tesla Model 3 is going to be the company’s first attempt at a reasonably priced, mass-market car. But Tesla made its name making electric cars that could smoke the fossil-fueled competition, so even though it’s cheap, the Model 3 won’t be a slouch.

Leaked specs from Electrek claim that the Model 3 will have a 300kW power inverter, which implies that the Model 3 will have power — and, hopefully, 0-60 times — close to the current Tesla Model S. Let’s remember, this is a $35,000 family car we’re talking about here.

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A source very familiar with the Model 3 powertrain program confirmed that Tesla tapped the same engineers who worked on the dual motor inverter architecture to develop the Model 3’s, but this time, they were given a blank sheet to develop the system from the ground up, including the power semiconductor package.

According to the source, the strategy paid off and the inverter architecture for the Model 3 will have a capacity of “over 300kW”, comparable to the Model S’ RWD system even though the S is a much higher-end and bigger vehicle.

Equally promising is the rumor that the new inverter will have 25% fewer parts, making manufacturing much easier. That’s good news for a company that has been plagued with reliability problems since the launch of the Model X.

With production due to increase dramatically in order to meet Model 3 pre-orders, anything that makes the cars simpler to build and more reliable is good. The fact that it might also make a mid-range family sedan freakishly fast is just the icing on the cake.

Chris Mills has loved tinkering with technology ever since he worked out how to defeat the parental controls on his parents' internet. He's blogged his way through Apple events and SpaceX launches ever since, and still keeps a bizarre fondness for the Palm Pre.