The Tesla Model Y was revealed on Thursday night, marking the company's next step toward becoming a full-line automaker with its first entry in the popular small utility vehicle segment.
The performance vehicle with 280 miles range and 150 miles per hour and 3.5 seconds from 0 to 60 mph will start at $60,000 and both AWD and performance option are slated for fall 2020.
The new Model Y is a mid-size crossover SUV with a battery range of 482 km; an option for three rows and seven seats; a zero-to-97 km/h sprint as low as 3.5 seconds; and a starting price point of US$39,000, equivalent to $52,000 CAD, though no Canadian pricing has been released.
As Jalopnik correctly highlights, the Model Y shares a lot in common with the mainstream Model 3 sedan (about 75 percent of its components are the same) so if you liked the look and feel of that vehicle, you'll probably feel right at home here.
"Because of extreme challenges with the Model 3 production, we have to basically allocate all resources to Model 3 production, because otherwise we're going to die", Musk said with a chuckle, eliciting laughs from the crowd.
The video posted on the social media network shows the Model Y under a vehicle cover, revealing the car's silhouette. It can speed up from 0 to 60 miles per hour in 3.5 seconds. The lingering question, though, is whether the Model Y is crossover enough.
Some versions will have up to 300 miles of range - which will equate to roughly 480km here in Australia. He did say, however, that orders are now being taken with a $2,500 deposit. I'm now of the belief that the majority of the parts that Tesla doesn't make themselves will be identical to what they are in the Model 3. At today's event, Musk proclaimed, "People said that you can make an electric sports auto, but you will never be able to make a luxury sedan, so we did!", resulting in the Tesla Model S (S for sedan).
The standard model will have a range of 230 miles per charge. The Model-Y has the same "sloping" bumper and grille design as Porsche's cars, despite the fact that Tesla moved away from the European company a while back. Model 3 production is understood to remain at the company's Fremont California manufacturing plant.
Tesla's usual approach is to build the more expensive versions of its vehicles, the ones with higher profit margins, first, as it scales up production.
However, Musk spoke optimistically of Tesla's autonomous driving software which will also be available on the Model Y. Deliveries are expected to begin in next year.