Yesterday, Elon Musk took to the stage to unveil Tesla’s latest all-electric vehicle – the Model Y.
Taking its design inspiration from both the Model X and the more affordable Model 3, the mid-size SUV aims to be a more affordable option for families looking to go electric. Starting at $39,000 USD, the car is 10% bigger than the Model 3 (and so is 10% more expensive) and, quite surprisingly, comes with an option for 7 seats, as demonstrated on stage. How comfortable it is for adults on the third row though, we will have to find out.
Due out in 2020, four different versions will be available – Standard Range, Long Range, Duel Motor AWD, and Performance. The bottom of the pack will be capable of 230 miles on a single charge with a top speed of 120 mph and a relatively conservative (in Tesla’s world) 0-60mph time of 5.9 seconds. The highest spec version will increase your range to 280 miles (although the “Long Range” will give you 300 miles), top speed to 150mph and will give you a 0-60mph of 3.5 seconds. It’ll also damage your wallet more, with a price tag of $60,000 USD.
Although the Model Y may seem very similar to the Model 3 both in terms of specs and price, moving into the mid-size SUV market is a smart decision from Tesla, as SUV sales consistently beat the sales figures for regular cars. That means this is a huge opportunity for growth. So much so, that Elon Musk expects the Model Y sales to exceed the figures for the Model S and Model 3 combined. If the company can deliver on time without the Model 3’s production issues, he could be right…