- Tesla Model Y to be unveiled on March 14
- Unveiling to happen at LA Design Studio in Los Angeles
- Model Y expected to cost 10 percent more than Model 3
On the same day the SpaceX Crew Dragon spacecraft docked autonomously with the International Space Station, it was announced that the Tesla Model Y SUV would be unveiled on March 14 at the LA Design Studio in Los Angeles, California. The announcement was made by the CEO of Tesla, Elon Musk (who also heads SpaceX), on Twitter. The Model Y is expected to be a full-sized SUV for families with four doors. Like all Teslas before it, the Model Y will be fully electric and possibly run Tesla’s Autopilot software.
Elon Musk continued to send out tweets about the upcoming EV even after he’d made the announcement. “Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery,” he wrote in one of his follow-up tweets. “Detailed specs & pricing will be provided, as well as test rides in Y,” he wrote in another. Assuming the price of the latest Standard Model 3 variant, which is $35,000 (Rs 25 lakh approx), one could say that the Model Y will cost about $38,500 (Rs 27 lakh approx) when it goes on sale in the US.
Though the name “Model Y” was trademarked in 2013, it’s only in 2018 that we heard some definite news about the car. In May last year, Musk revealed that the Model Y would be built on a platform that shares many components with the Model 3. Both the Model 3 and Model Y are expected to be built in the Shanghai Gigafactory in eastern China at a rate of 2,50,000 units annually. Along with the cars, the factory will also produce the battery cells that will be used in these cars.
Tesla announced a new entry-level variant of the Model 3 last week in the US for $35,000. In the news release, Tesla claimed the new variant would cover about 220 miles (354 kilometres), reach a top speed of 130 miles per hour (209 kilometres per hour), and go from 0–60 miles per hour (0–100 kilometres per hour) in 5.6 seconds. In addition, Tesla announced a Standard Range Plus variant for $37,000, which gives the electric sedan 20 miles (32 kilometres) of extra driving range.
Model Y unveil event on March 14 at LA Design Studio — Elon Musk (@elonmusk) 3 March 2019