Tesla Inc. plans to deliver its all-electric Model Y compact crossover to customers in fall 2020, the company announced Thursday at its design studio in Hawthorne, Calif.
The vehicle shares its platform with the Model 3 compact sedan. It is slightly raised compared with the Model 3 and looks like a small Model X crossover. Initial versions of the Model Y will have a starting price of $47,000, with a $39,000 base model to follow.
As a compact crossover, the Model Y enters the hottest-selling segment in the U.S. auto industry. It comes as consumer preference shifts from smaller passenger cars to larger vehicles. The Toyota RAV4, Nissan Rogue and Honda CR-V are all compact crossovers – and they are the three best-selling vehicles in the U.S. that are not pickup trucks.
The electric carmaker expects that the Model Y will become its most popular vehicle, beating the combined sales of its other vehicles, said Elon Musk, chief executive of Tesla, at Thursday’s unveiling of the vehicle.
Here are seven things to know about the upcoming EV crossover:
The Model Y will feature a top electric range of 300 miles. All versions will be capable of 230 miles or more. Performance versions of the Model Y will accelerate from 0 to 60 mph in 3.5 seconds. The Model Y can be charged on the automaker’s Supercharger network and is compatible with new V3 Superchargers. Tesla did not release a maximum towing capacity.
2. FAMILIAR LOOK
The Model Y follows Tesla’s familial design language shared by the Models 3, S and X. It has a sleek silhouette that looks futuristic and enhances aerodynamics. This contributes to a low drag coefficient of 0.23, Musk said. Inside, the Model Y has a 15-inch touchscreen that controls nearly all vehicle functions. A standard one-piece panoramic glass roof stretches nearly the length of the car.
3. SEATING AND SPACE
Standard versions seat five passengers; an optional three-row version seats seven. Including the vehicle’s front trunk, two-row versions will have up to 66 cubic feet of storage with the second row of seats folded down.
4. FOUR CHOICES
The Model Y will be available in four versions: Standard Range, Long Range, Dual Motor AWD and Performance. The Model Y Standard Range will offer 230 miles of range on a charge and acceleration from 0 to 60 mph in 5.9 seconds. The Long Range ups those figures to 300 miles of range and a 0-to-60 time of 5.5 seconds. The Dual Motor AWD improves acceleration to 4.8 seconds, though range dips slightly to 280 miles. The top Performance trim also has 280 miles of range but its 0-to-60 acceleration is a blistering 3.5 seconds.
5. DELIVERY AND PRICING
The Model Y base trim, called Standard Range, will not be available initially. Instead, Tesla aims to have three versions of the Model Y ready to begin delivery in fall 2020. Pricing for the Model Y Long Range will start at $47,000. The Dual Motor AWD is priced from $51,000, and the Performance will cost $60,000 and up. Tesla plans to launch the Standard Range in spring 2021 with a starting price of $39,000. Tesla began accepting deposits on the Model Y following the event Thursday. Tesla has not hit its delivery targets with its previous models. Buyers should not be surprised by delays.
6. BUILT IN NEVADA AND CHINA
The Model Y will be produced at Tesla’s battery-building Gigafactory plant in Nevada. Preparing the facility for the Model Y will take some work – it does not currently have a paint shop or body shop. Tesla is building a plant in Shanghai to produce both the Model 3 and Model Y for the Chinese market.
7. MORE COMPETITION COMING
By the time the Model Y begins to roll off the assembly line, there will be an array of competitive vehicles on the market. Among them are the Audi e-tron, Mercedes-Benz EQC, BMW iX3 and Volkswagen I.D. Crozz. Ford is also expected to release a battery-electric SUV by that time.