Economy

Seven-seat Tesla Model Y revealed with 300-mile range

Seven-seat Tesla Model Y revealed with 300-mile range”

Tesla will tonight unveil its attempt to break into the fast-growing "crossover" vehicle segment, revealing the highly anticipated Model Y.

Here's where to watch Tesla's live announcement: the live stream will be available on Tesla's website, either directly on the main page, or through the Events & Presentations section on the Investor Relations page.

The Tesla Model Y will be based on the Model 3.

Still, the Model Y, like all Tesla's models, has already seen pre-production delays. Or so says Tesla CEO Elon Musk in a recent tweet. The Model Y will enter the fray at a time when crossovers are an incredibly hot segment of the entire global automotive market, and USA demand for the Model 3 compact sedan is starting to taper off. True to a number of teasers that have been released over the past weeks, the Model Y is a larger, somewhat bulkier version of the Model 3.

Let's take a look at the few specs available so far.

Last but not least will be the Tesla Model Y Performance. "Inside the vehicle, the Model Y is all Model 3, with the dashboard being dominated by the same 15" touchscreen, which controls the majority of the vehicle's functions. Tesla would "most likely" build the Model Y at Tesla's battery factory in Nevada, he said. Compact SUVs are the largest vehicle segment and is 50 percent larger than the next-largest segment. The Tesla Model Y is an SUV that seats seven passengers comfortably.

Tesla's targeted volume production date of late 2020 would put it behind electric SUV offerings from Volkswagen AG's Audi, Daimler AG's Mercedes-Benz and BMW. It is expected to share many design cues with the Model 3 sedan, though.

This set-up should help the Model Y make it into production quicker and cost less to develop. In January, he said Tesla had ordered the tooling needed to build the vehicle.



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