Tesla Reveals Model Y ‘Baby SUV’ Tonight

Given the unquenchable thirst buyers have for crossover and SUVs, the Model Y is a tremendously important vehicle for Tesla.

It's fair to say the automaker is up against an entirely different set of hurdles than it was on March 31, 2016.

Getting the Model Y into production quickly will be key for Musk to build on the momentum of the Model 3, the less-expensive sedan that catapulted Tesla up the sales charts and helped the company post back-to-back quarterly profits for the first time.

The Long Range model is expected to offer 300 miles of range, while four-wheel drive Dual Motor and Performance versions will get 280 miles.

Design wise, the Model Y is about what you would expect from a auto built on the same platform as the Model 3. Production for the Model Y will start in late 2020 in North America, according to Tesla, and in early 2021 in Europe and China. Given how much Tesla's customers waited for the Model 3, there's no denying the pre-orders will pour in like monsoon rains ending the dry season. There will be three more models. We'll show you the differences between both the Model Y's closest alternative in price, the Model 3, and utility, the Model X.

Even in 2021, battery prices will still be quite high and you can expect to pay a saucy premium over a traditional petrol/diesel engine. Tesla mentions 120 miles per hour (193 km/h) as the top speed for the entry-level version, the acceleration from 0 to 60 miles per hour can be done in 5.9 seconds. And as you can see by the vehicle's styling, it looks like a Model 3 from almost every angle, only with a taller greenhouse and a hatchback instead of a trunk.

Tesla Reveals Model Y ‘Baby SUV’ Tonight: How To Watch Live

The cost of the Model Y Long Range will be about $47,000, with Standard Range one at a $39,000 price point-so $48,200 and $40,200 with the mandatory $1,200 destination fee.

All that aside, the specs on the Model Y are solid. Th seven seat model is optional of course thanks to 66 cubic feet or 1.9 cube meter of cabin space matched with a panoramic glass roof. It is a radical new vehicle which can sprint from 0-60mph in 1.9 seconds and has 620-miles of range on a single charge.

Tesla is hoping there will pent-up demand for the Model Y, almost four years after Musk first began touting the company's plans to make an SUV. The Model-Y has the same "sloping" bumper and grille design as Porsche's cars, despite the fact that Tesla moved away from the European company a while back.

What's new. The world got its first look at the Model Y late Thursday night.

"Twelve months from now we will have made about one million vehicles", Musk said at the event, without specifying the breakdown of models. As is often the way with Teslas, it'll be little while before we get the Y in the United Kingdom, but who would bet against there being a glut of orders as soon as they are?

More news: 'Ka-boom': Canadian economy pumps out 56,000 new jobs

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