Published: Sun, March 17, 2019
Markets | By Erika Turner

Tesla Model Y Revealed: Compact All-Electric Crossover Arrives 2020

Tesla Model Y Revealed: Compact All-Electric Crossover Arrives 2020

"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. "It has the functionality of an SUV but will ride like a sports auto", said Musk, who noted its cornering. The least expensive of these is the Standard Rear Wheel Drive variant which has a $39,000 price tag. "But perhaps this Model Y will show otherwise". It's not clear how much the Model Y will be able to do without driver intervention, especially considering legal hurdles. The $60,000 Performance model will be the most expensive variant, with a 280-mile range and a 150 miles per hour top speed.

Tesla claims the Model Y will go from 0-60mph in 3.5 seconds, with a top speed of 150mph.

Range will vary from 230 to 300 miles.

The online configurator for the Tesla Model Y is now live.

The model comes in four versions: Standard Range, Long Range, Performance, and Dual Motor AWD. Perhaps the biggest innovation is that the relatively compact SUV, whose Tesla cW value is 0.23, will be optionally available with seven seats. For $3,000 you can add Tesla's Autopilot to any of the three models and for $5,000 you can opt for limited self-driving functionality.

Higher-end versions will start delivery in the autumn of next year.

The Long Range, Dual-Motor All-Wheel Drive and Performance models will be first on the market, naturally, since they will be priced higher and will mean more profit for the mother ship.

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Unlike Tesla's first SUV, the Model X, the Y is smaller and doesn't get the controversial falcon wing doors, keeping construction simpler and costs down.

The order books are open.

The Model 3 starts at 5.6s for the Standard Range. Like Model 3, Model Y requires no keys, but instead connects to a smartphone for seamless entry and exit, with a single 15-inch touchscreen interface inside for all of the car's controls.

The U.S. market share for SUVs, crossovers, vans and pickup trucks stood at 69 percent in January, up from just 48.5 percent a decade ago, according to the research firm IHS Markit. And I noted that acceleration wasn't as quick as Models S, E and X (there, I did it). We believe investors will leave the Model Y launch with a neutral to negative outlook on the Tesla story for multiple reasons ... Though that translates to just £26,400, it's unlikely that the Model Y would make it to British shores without a significant price increase.

Despite concerns from industry analysts about production capacity, Musk said Tesla will attempt to buck historic production performance and get the Model Y into dealers and back on schedule this year. The Model Y units which are destined for China are expected to be built at a Giga factory in Shanghai which is now under construction.

What made this event a bit of a departure-and perhaps a sign of the times-was that Tesla was prepared to release quite a few facts and figures and specifics about multiple production versions.

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