Even with the rapid influx of mainstream automobile manufacturers, Elon Musk’s Tesla continues to set the benchmark for electric cars. Not just in terms of range but also in terms of performance. When Tesla launched the “mass-market” BMW 3-Series-rivalling Model 3 they also promised an SUV based on the same platform. A sort of Audi Q2, GLA rivalling crossover but done in Tesla’s signature electric performance style. Last weekend Elon Musk took to Twitter to announce that Tesla would unveil the Model Y on March 14th at the LA Design Studio.
In same thread where Elon Musk announced the new Tesla SUV, that would slot under the Model X in their now almost extensive lineup, he also revealed some details about the Model Y. For one, Musk pointed out that the Model Y, being an SUV, will be about 10% larger than the Model 3. Musk also hinted that this would be an increment in terms of cost to the tune of 10%. Considering that, a base Model Y should start at roughly $38,500 USD or Rs 26 lakh (ie sans duties) going up to about $43,000 USD for fully kitted variants. Musk also indicated that to keep costs in check the Model Y will use the same battery unit as the Model 3 which means the range is likely to be slightly compromised. We expect a range of about 330 km of range from the Model Y, which for the price is more than adequate.
However, a little snooping into Tesla’s Investor release showed that the Model Y which is expected to be high volume Tesla to date considering the practicality and the SUV-like appeal will in fact share 75% of its component with the Model 3 that will allow it to be both, profitable and inexpensive. In the same release, Tesla also indicated they wanted to achieve full mass-market manufacture of the Model Y by 2020 out of their Freemont factory indicating a go-on-sale date of early 2020. Musk ended the series of Tweet indicating that there will be test rides of the car as well at the event on the 14th. Watch this space for all the latest on the Tesla Model Y.