Photos: Tesla unveils new Model 3

This undated photo provided by Tesla Motors shows the Model 3 car. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 — before federal and state government incentives — the Model 3 is less than half the cost of Tesla's previous models. (Tesla Motors via AP)

LOS ANGELES (AP) — Tesla Motors says buyers reserved more than 115,000 Model 3 sedans on Thursday, the first day orders were taken.

With a starting price of $35,000, the Model 3 is the lowest-priced car Tesla has ever made. It’s scheduled to go on sale at the end of 2017.

Tesla CEO Elon Musk introduced prototype versions of the car Thursday night at the company’s Los Angeles design studio.

It has a panoramic glass roof and semi-autonomous features like automatic lane changing and lane-keeping. Musk says it will go at least 215 miles on an electric charge.

To support Model 3 sales, Musk says Tesla plans to double the number of stores it has worldwide to 441 by the end of next year. It also plans to double its fast-charging stations to 7,200.

KRON’s Jeff Bush will have a live report at 11 p.m. on KRON.

More information from Tesla:

Model 3 is the next logical step of Tesla’s “secret master plan” and mission to accelerate the world’s transition to sustainable energy.

Like every Tesla, Model 3 is engineered to combine range, performance, safety and utility. Smart design maximizes interior space, to comfortably fit 5 adults and all of their gear. Tesla makes fast cars, Model 3 is no exception. The high efficiency electric motor provides zero to 60 mph acceleration in less than six seconds. And when equipped with electric all-wheel drive, Model 3 provides safe and dependable traction in all conditions.

Designed with safety as a priority, Model 3 should be the safest car in its class once testing completes. This, combined with over 200 miles of range while starting at $35,000 before incentives, makes Model 3 an extraordinary mid-size sedan.

Model 3 will begin production in late 2017, ramping Tesla vehicle production to 500,000 vehicles per year.

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