Tesla Reveals Model Y ‘Baby SUV’ Tonight

Tesla unveiled its highly anticipated Model Y compact sport-utility vehicle set to release in fall 2020

The event at the electric auto company's Los Angeles design studio will give the public a first look at the vehicle, a hybrid between a auto and an SUV. Tesla trademarked the name "Model Y" in 2013, with Musk first describing this SUV in October 2015.

Tesla is set to unveil their highly anticipated electric Model Y compact SUV tonight, with CEO Elon Musk ready to showcase the company's latest vehicle.

Tesla talked about a $35,000 Model 3 three years ago, but while it delivered its first Model 3s in the summer of 2017, the cheapest versions typically cost in the mid-$40,000. That means if the Model Y is offered in a Standard Range, rear-wheel drive configuration like the Model 3, we should expect a starting price of around $38,500.


A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, Calif., on June 22, 2018.

"Detailed specs & pricing will be provided, as well as test rides in Y". Even with the reduced range, Tesla is predicting demand to be perhaps 50 percent higher for the Model Y than the Model 3 owing to the former's crossover body style. If it wasn't for that legal threat, Tesla's lineup would have included the Model S, Model E, Model X and Model Y - i.e., SEXY. It is expected to share many design cues with the Model 3 sedan, though. This should make production more efficient for Tesla and help keep costs down.

Tesla has previously revealed only shaded computer renderings of the Model Y. The increased commonality should make the Model Y easier to integrate into current assembly processes and make it somewhat less expensive to produce. Tesla said it hopes to build 2,000 Model Ys per week by September 2020.

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