Tesla Unveils 7-Seater Model Y

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The Tesla Model Y is basically a taller Model 3 with seating for seven. The long range version of the Model Y would travel 300 miles on a single charge and will sell for $47,000 while the $60,000 performance version would be capable of sprinting from 0 to 60 mph in 3.5 seconds.

Musk laid out the basic statistics for four variants of the Model Y: The Standard Range model will be the cheapest, carrying a price tag of $39,000 and offering a maximum range of 230 miles and top speed of 120 mph. What if Tesla simply could not be ready to produce the Model Y until late in 2020, no matter what?

MarketWatch's Claudia Assis noted in a report on the release that the Model Y is a smaller more affordable version of the Model X, which Musk had repeatedly blamed for various delays, and a model Musk had promised to bring to market at some point. 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.

"Twelve months from now we will have made about one million vehicles", Musk said at the event, without specifying the breakdown of models. That's actually lower than the Model S' 0.24, and matches the Model 3 on which the new crossover is based. Currently, you can also opt for the Long Range Dual Motor AWD spec, as well as the Performance version, the former kicking things off at $51,000 ($46,700 with est. savings), while the latter is priced from $60,000 ($55,700 with est. savings). Cheers and whoops went up from the crowd as a shiny blue vehicle pulled into its place alongside the Model S, 3, X.

We've already published a number of demand levers Tesla could still pull to stimulate more Model 3 sales. The advanced-technology includes smartphone-operated entry and exit from the vehicle along with the remote lock and unlock system integrated into the Model Y. Tesla has also featured a cabin pre-conditioning system through a remote in their all-new SUV for customer facilitation. The Standard Range Plus increases this to 240 miles, while the Mid Range manages 264 miles, and the Long Range offers 325 miles. The autonomous driving software will also be available in the Model Y. That is when I think it would be safe enough for that, ' said Musk.

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Tesla unveiled a new all-electric SUV on Thursday night that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market. Tesla would "most likely" build the Model Y at Tesla's battery factory in Nevada, he said at the time.

Acceleration to 60 miles per hour is specified in as little as 3.5 seconds, or 5.9 seconds for the Standard Range.

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. However, it will be slower and shorter in battery range than the other high-end versions of Model Y.

Or not. This is Tesla we're talking about, after all. This system has led Musk to claim that the Model-Y, despite its bulky build, will handle just like a sports auto.

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