Seven-seat Tesla Model Y revealed with 300-mile range

Irving Hamilton
March 15, 2019

If you're hoping to score the cheapest Model Y, you'll have to wait until the spring of 2021; the other three variants will be available sooner.

While the Model 3 has largely been a sales success for the company, it's also a sedan and that segment hasn't been doing particularly well over the past few years with consumers opting for SUVs at an increasing rate.

First, let's talk about the name: Model Y. The names of Tesla's EV family were deliberate, and the Model 3 was initially supposed to be called the Model E. However, the threat of a lawsuit from Ford forced Tesla to change the name from Model E to Model 3.

The Y will be what the Tesla Model 3 was to the Tesla Model S: a more affordable, accessible version of a luxury vehicle.

This is the Tesla Model Y, the electric carmaker's new compact SUV due out in 2020. The faster charging speed will also allow Supercharger V3 locations to accommodate more vehicles per hour; a capability that will be beneficial to Model Y owners considering the estimated demand for the all-electric SUV.

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

The unveiling of Model Y went pretty quickly, and was light on details. Get it; Model S, Model 3, Model X and Model Y?

A side look at the Model Y.

Teased image of Model Y from Tesla Photo: Tesla Inc. That means if the Model Y is offered in a Standard Range, rear-wheel drive configuration like the Model 3, we should expect a starting price of around $38,500. The latter will be capable of 0-60mph in 3.5 seconds, have a 150mph top speed and 280 miles of range, and will cost $60,000 around (£45,000).

Tesla plans to build the Model Y for the US market at its Gigafactory in Nevada. It will share 75 percent of its components with the Model 3. Tesla struggled to churn out Model 3 vehicles as quickly as Musk promised investors, especially in the two quarters following the Model 3's production-line announcement.

Based on the success of the Model 3 and the growing popularity of SUVs (which held over 40 per cent of the Australian market at 2018's end according to industry expert V-Facts), it is thought that the Tesla Model Y could sell as many as double that of the Model 3.

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