Tesla is working on multiple variations of the Model 3

This probably isn't the Model 3 but rather a rendering.

Image: ETAuto

By Nick Jaynes-52218 seconds ago

We've been waiting for a mass market Model 3 from Tesla for a while now. Turns out, we might get more than just an affordable all-electric sedan. And we might get a crossover version, too.

See also: Faraday Future's 1,000-horsepower concept car should make Tesla very, very nervous

"Tesla will be able to build multiple variations on the third generation platform, specifically a sedan and, later, an SUV," a Tesla spokesperson told Mashable.
Along with the Model 3 sedan, it's likely that the other variant of the Model 3 platform will be the Model Y compact crossover that company co-founder and CEO Elon Musk had tweeted about — and later deleted — last year.
When it's unveiled, the Model 3 will likely have a 240-mile range and cost somewhere around $35,000. The Model Y crossover (think Model X but, you know, smaller) will probably cost around $5,000 more than the Model 3, based upon the pricing structure of the Model S versus the Model X.
Although Tesla will likely price the two-wheel drive Model 3 around the mid-$30,000 mark, it'll probably lose money on each car sold at that price. That is, until its Gigafactory comes online, which is expected to produce such a glut of batteries that it will push the price of the lithium-ion cells down quite a bit.
Until we see it in the flesh, though, these specs and figures are all speculation.

Have something to add to this story? Share it in the comments.