Everyone's favorite electric car maker just released what is arguably the most important date in the company's history so far. The release date for the Model 3.

CEO Elon Musk announced via Twitter that the Model 3 has passed all regulatory inspections weeks earlier than planned and that the vehicles would be delivered on July 28.

Tesla's stock jumped nearly 2% in pre-market trading Monday to $368.36.

The release date is important for the company because the Model 3 embodies its vision to bring electric cars to the masses. Before the Model 3, Tesla primarily sold pricey sports cars in low production volumes. Musk has promised that the Model 3 will be both affordable, at $35,000, and available at scale.

Production has been an issue in the past for Tesla, but the company's new Gigafactory should help with the Model 3. Musk said that 100 cars would be produced in August, 1,500 in September and about 20,000 a month starting in December.

Shares of Tesla are up 71.5% in 2017.

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