The mass market Tesla Model 3 is a highly anticipated electric vehicle, as it combines Tesla's expertise in the field with a price that more consumers can afford.

A report by Electrek's Seth Weintraub, however, claims that two different versions of the Model 3 will be revealed by Tesla at a March event, with one being a sedan and the other one being a small crossover that is built on the same platform.

Weintraub, however, noted that he could not verify if the crossover Model 3 is the Model Y Tesla CEO Elon Musk mentioned on Twitter last year, which is rumored to be a smaller version of the Tesla Model X complete with its Falcon Wing doors.

After the publication of Weintraub's report, a spokesperson for Tesla said only one of the vehicles will be revealed in March. However, the company is indeed working on at least two different electric vehicles based on the Model 3 platform.

"Tesla will be able to build multiple variations on the third generation platform, specifically a sedan and, later, an SUV," said a spokesperson for Tesla to Mashable.

Not much information is known about the Model 3, though it is expected that the price will be about $35,000 before federal subsidies. With the discounts applied, it could be costing even less than the $30,000 Chevrolet Bolt electric vehicle.

Weintraub believes that first reservation holders of the higher-end models of the Model 3 will begin to ship by the end of next year, with base model vehicles released within a wider rollout the following year.

In November last year, Musk said that the Model 3 was on pace to be launched in March 2016. Tesla previously revealed in May 2015 the expected launch date of the vehicle, but given the company's track record of delays, most were expecting the March 2016 date to be pushed back.

However, it seems that Tesla is on schedule with the Model 3, which means that all the information that needs to be known regarding the electric vehicle will be revealed in two months.

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