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Report claims Tesla’s game-changing Model 3 will be unveiled in March

Updated Jan 28th, 2016 2:47PM EST
Tesla Model 3 Announcement March 2016

All of a sudden, it looks like Apple’s March product launch event won’t be the most exciting one in the tech world. Seth Weintraub is reporting that Tesla is planning to announce two new cars at an event this coming March and it sounds like both of them are going to be variations of the highly anticipated Model 3.

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“One version is a sedan and another is a small crossover built on the same platform,” Weintraub reveals. “I can’t verify if the crossover is the Model Y that Elon Musk mentioned in a Tweetstorm last year, but that would make some sense. We’ve heard that this vehicle will be a smaller version of the Model X with its Falcon Wing doors. Again, it will have a premium price over the Model 3 similar to the $5,000 difference between the Model X and Model S.”

The base price for the Model 3 will be about $35,000 before government subsidies, Weintraub says, which means that it will likely cost less than the $30,000 Chevy Bolt when it’s released.

Tesla cars up until this point have been priced very expensively and thus out of the range of most drivers. However, a $35,000 Model 3 could open up the company’s electric vehicles to the mass market for the first time and could prove to be a real game changer.

To read more details about the cars that Tesla has been tipped to announce, check out Weintraub’s full report here.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.