Photo credit: Hollywoodreporter.Com

The much-anticipated third installment of Iron Man’s trailer has finally been out and it seems that Robert Downey Jr.’s Tony Stark character still has a high on what happened on The Avengers. "Nothing's been the same since New York. I can't sleep. And when I do, I have nightmares," he says.

The trailer also shows creepily terrifying Ben Kingsley as his arch-nemesis The Mandarin. In one scene, he says, "Some people call me a terrorist. I consider myself a teacher. Lesson number one: Heroes: there is no such thing."

Iron Man 3 also stars Guy Pierce, Rebecca Hall, Stephanie Szostak, James Bage Dale, Jon Favreau, Gwyneth Paltrow and Don Cheadle.

Shane Black, who was the director of Donwey’s Kiss Kiss Bang Bang will take over the directorial duties from Favreau. The film will be released May 3, 2013.

Watch the official trailer: