The Tesla Model Y Is OFFICIAL - VIDEO + INFO Posted HERE!

The Tesla Model Y Is OFFICIAL - VIDEO + INFO Posted HERE!

Not that that's a bad thing: the Model 3 has already proved itself to be a solid entry into the EV market.

Tesla has taken the wraps off its new Model Y, saying its all-electric, mid-size, seven-seater SUV was designed for "maximum versatility and safety". However, some are anxious the new vehicle will pressure demand for what was supposed to be Tesla's flagship auto, the Model 3. It is a radical new vehicle which can sprint from 0-60mph in 1.9 seconds and has 620-miles of range on a single charge.

The Model Y - which slots in below the Model X - will be offered in standard-range form (priced from $39 000) as well as long-range guise, plus as dual-motor all-wheel-drive and performance variants. Technically speaking, the Model 3-based machine might be better classified as a crossover, and that's a very big deal since crossovers and SUVs are figuratively and literally killing saloons not just in North America, but around the world. Even when the Tesla pickup arrives, it may well focus more on consumer-friendly features than a vision of off-road ruggedness inspired by decades of internal-combustion trucks. For those playing along at home, the Model Y now completes Elon Musk's rather groan-inducing naming scheme. Some key executives have left the company recently.


"I think we will sell more Model Y's than S, X and 3 combined", said Musk during the presentation speech. A longer-range version will cost US$47,000.

By keeping it the vehicle simpler than the Model X - which was nearly two years late to market because of technical challenges - Tesla will be hoping for a smoother and faster production ramp up.

Musk alluded to the troubled production of the Model 3 during his remarks to the crowd Thursday night. Musk said the new baby SUV will be 10 percent larger than the Model 3 four-door sedan. "2018 felt like aging five years in one", he said. "It was really intense". It will start at 39,000 USA dollars for the standard range version, which the company said can go 230 miles (370 kilometers) on a single charge.


The high-end models are scheduled to launch next fall, with the standard version following in the spring of 2021.

The Model Y was unveiled on a livestream event held by the pioneering EV maker, in the most anticipated unveilings of a vehicle since, well, the "mass-market" Model 3 that was unveiled three years ago and has sold almost 150,000 models since.

The vehicle looks as much like the Model 3 as Tesla's Model X SUV looks like the Model S sedan. Bringing in early down payments for the vehicles would help Tesla generate the cash it needs to repay almost $1.7 billion in loans that come due within the next 16 months. Deposits can be made for $2500, a notable hike over the $1000 deposit required to get in line for a Model 3 when it was announced.


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