Tesla is set to unveil its long-awaited Model Y sport-utility vehicle on Thursday at the company’s Los Angeles Design Studio.
March 14 (UPI) — Tesla is set to unveil its long-awaited Model Y sport-utility vehicle on Thursday at the company’s Los Angeles Design Studio.
The Model Y will be a cheaper, scaled down version of the company’s existing Model X SUV. Tesla CEO Elon Musk said the new electric SUV will be 10 percent larger than the Model 3 four-door sedan and cost 10 percent more, placing it somewhere near $40,000.
Prices of the Model 3 vary, but the company recently began producing a $35,000 standard model. The Model X comes in an $88,000 “Long Range” or $104,000 “Performance” packages.
Musk also said the Model Y “baby SUV” will use the same battery as the Model 3 but get less range because of its increased weight and size. He added that more detailed specs and pricing as well as test rides will be available at the reveal event on Thursday.
The reveal will happen at 8 p.m. PDT Thursday at Tesla’s Hawthorne, Calif., studio. It will be streamed live on Tesla’s website.
The company has teased the vehicle with an image of its blacked out silhouette to promote Thursday’s reveal and tech vlogger Marques Brownlee uncovered the words “NICE TRY” while attempting to manipulate the image to unveil more details the SUV’s design.
