Jeff Chiu / AP
Tesla employees work on Model S cars at the Tesla factory Thursday, May 14, 2015, in Fremont, Calif.
Wednesday, Sept. 2, 2015 | 3:06 p.m.
DETROIT — Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then.
In a tweet Wednesday, Tesla CEO Elon Musk says the car will start at $35,000, or about half the starting price of its current Model S sedan. Musk said the Model 3 will start production in about two years.
Musk also said deliveries of the Model X SUV — the company's third vehicle — will begin Sept. 29. Tesla wouldn't reveal pricing details.
Musk said each trim level of the Model X will be around $5,000 more than the equivalent trim level of the Model S because of the SUV's greater size and complexity.
