He also says it will have slightly less range from the same battery pack as the Model 3, which is rated for 220 miles with a full charge in the least-expensive Standard Range and 325 in the Long Range version.
Earlier this month Tesla announced that it would be closing the majority of its brick and mortar stores worldwide in order to afford the $US35,000 price tag on the new Model 3, as well as keep the company "financially sustainable". So, it's a good idea to remember that if you happen to be one of the folks plunking down deposits for the first Model Y crossovers, it might be late showing up in your garage. The heavier Model Y, however, will have less range because of its increased weight and size. It has a range of 300 miles, seating for seven, is capable of sprinting from 0 to 60 mph in 3.5 seconds. "Inside the vehicle, the Model Y is all Model 3, with the dashboard being dominated by the same 15" touchscreen, which controls the majority of the vehicle's functions. The point of the reveal tonight is to get those companies to challenge Tesla to create better electric SUVs faster than Tesla can, while signaling to people who may be thinking of purchasing an SUV in the near future that they may want to wait and get a Model Y instead of something else.
Shares of Tesla are down 24 percent from an August high of $379.57, when Musk tweeted that he was taking Tesla private.
That plan - later scrapped - ushered in an ongoing period of turmoil at the company, from Musk's public battles with regulators, a flurry of securities lawsuits, cost cutting and layoffs across the company.
Parts commonality between the two is roughly 86 percent. As a point of interest, Tesla CEO Elon Musk a few weeks back said that the Model Y would be about 10% bigger than the Model 3. "There was a time when electric cars seemed very stupid and it wasn't that long ago", Musk told the audience.
The Model Y is unveiled at last.
Still, the Model Y, like all Tesla models, has already seen pre-production delays. Suppliers were originally told that production would start on the vehicle in November 2019, sources told Reuters previous year.
Look closely, and the Model Y looks pretty familiar, as about 75 percent of its DNA comes from the Model 3. Tesla said it hopes to build 2,000 Model Ys per week by September 2020.
Students in NJ will be striking on Friday for 'Green New Deal'
She soon gained a large following on social media for her work, and the movement she started spread to other countries across Europe and around the world.
MLB, MLBPA Agree To Single Trade Deadline, Changes To Roster Size
Position players will be allowed to pitch only in extra innings or when their team is ahead or behind by more than seven runs. Players may be placed and claimed on outright waivers after July 31st, but players may not be traded after that date.
Facebook, Instagram accounts working after historic outage
We've asked Facebook how it intends to resolve its issues with angry advertisers, but did not receive an immediate reply. The interruption also affected gameplay for owners of Oculus VR headsets, a company that Facebook bought in 2014.