Tesla Model Y finally unveiled by Elon Musk

Model Y

Cars Tesla officially unveils the Model Y Yoni Heisler @edibleapple March 15th

It has seven seats and features a panoramic glass roof and a 15-inch (38-centimeter) touchscreen interface for accessing all the car's controls.

The new promised vehicle with long range of 300 miles or 482 km comes with a top speed of 130 miles an hour (209 KM/h) and can get from 0 to 60 in 5.5 seconds.

And Jed Dorsheimer, a bullish Tesla analyst at Canaccord Genuity, added: "Tesla unveils the Model Y but event may fall shy of whisper expectations". These are all slightly worse figures than the smaller Model 3, befitting the Y's status as a slightly bigger and more aspirational auto. Note here that Tesla's Model 3 was the highest selling electric vehicle in its segment during past year.

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The Y is meant to be the spiritual successor to the Model 3, which went into production in mid-2017. The standard battery will be able to travel 230 miles on a single charge, while the long-range version will keep going for 300, making it a practical option for driving away from urban centers.

The EV maker would also sell an all-wheel-drive dual motor version for $51,000 along with a performance version for $60,000 - both of which would be available in the autumn of 2020. "It's tough to say the Model 3 was the wrong auto all along". As announced by the manufacturer, the higher trims are expected to make their way into the market by the end of 2020 while the standard range model to be produced by Tesla later in 2021.

What made this event a bit of a departure-and perhaps a sign of the times-was that Tesla was prepared to release quite a few facts and figures and specifics about multiple production versions. But last week, Tesla reversed course and said it would leave many stores open and raised prices back by about 3 per cent. The top-selling Ford F-150 pickup truck sold almost three times as many vehicles as the best-selling sedan (the Toyota Camry).

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Its most important vehicle, the upcoming Model Y, is already beginning to feel like more than just the SUV equivalent of the Model 3. The more powerful versions thus offer slightly less range than the small sedan, which is rated for 220 miles with a full charge in the least-expensive Standard Range and 325 in the Long Range version. The White Stripes' "Icky Thump" played in the background as a brilliant blue Model Y crossover glided into a spot along side a Model S, 3, and X inside the packed studio. A bigger battery will give 300 miles of range. Musk had said in a January conference call that the company would "probably see a higher [sales] volume of the Y than [the Telsa Model 3]". It will be able to go from 0 to 60mph in just 3.5 seconds and will have an extremely low centre of gravity due to the battery pack being in the floor of the auto.

Was the Tesla Model 3 the wrong vehicle all along?

Consumers who plop down their deposits for the Model Y may have to cross their fingers for their vehicles to be delivered on schedule. Musk now says Tesla has worked out those issues. The Model Y units which are destined for China are expected to be built at a Giga factory in Shanghai which is now under construction. Bringing in early down payments for the vehicles would help Tesla generate the cash it needs to repay almost $1.7 billion in loans that come due within the next 16 months.

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