Tesla launches its first compact SUV, the Model Y

Jermaine Castillo
March 17, 2019

"It has the functionality of an SUV, but it rides like a sports auto", said Musk. That would make more sense than having underutilized Model 3 lines. Even when the Tesla pickup arrives, it may well focus more on consumer-friendly features than a vision of off-road ruggedness inspired by decades of internal-combustion trucks. With its extra get-up-and-go the Performance model will offer "only" 280 miles of range. "Will some potential M3 buyers wait?" The seven seat version in U.S. costs $3,000 and in Europe €3,200. This includes access to Tesla's super-quick Supercharger network, which can add 75 miles of range in just five minutes.

A side look at the Model Y. The Model Y will have some get up and go, with the ability to go from 0 to 60 miles per hour in 3.5 seconds and a top speed of 150, according to Tesla.

The Model Y will eventually come in four different trims: Standard, Long Range, Dual-Motor All-Wheel Drive and Performance. It's also an all-wheel-drive coupled with dual motors to achieve a top speed of 150 miles per hour.

The car's design is similar to other models in the range, particularly the Model 3 and Model X. The truncated rear end helps aerodynamics, while Tesla's bold decision to leave the car's front virtually featureless lends it a clean if curiously empty look.

The above cars all have a single electric motor driving the rear wheels.

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Customers willing to hold out until the Spring of 2021 can get the Standard Range Model Y, which will cost upwards of $39,000 according to Tesla. It can also fit more items with its 66 cubic feet of cargo space. Finally it was the Model Y's turn. A 15-inch touchscreen in the centre console inside the cabin is provided by the manufacturer.

One of many questions not answered at a big unveil party in California Thursday night is where the Model Y will be built.

Elon Musk has always been outspoken in his mission to advance electric transportation, regardless of who wins the race.

As far as Tesla's fundamental ability to produce the vehicle, it seems like that could have been possible.

Despite concerns from industry analysts about production capacity, Musk said Tesla will attempt to buck historic production performance and get the Model Y into dealers and back on schedule this year. This system has led Musk to claim that the Model-Y, despite its bulky build, will handle just like a sports vehicle.

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Two Tesla analysts, both known as Tesla bulls - Gene Munster from Loup Ventures and Ivan Fienseth from Tigress Financial Partners - said the company would likely need to raise money later this year. 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.

Model Y is 10 per cent bigger than the Model 3 but will have numerous same features, while Model X is a more expensive version of Model Y and comes with a price tag of $79,500.

Let's see if Tesla fulfills its promise of the production deadline this time over.

Tesla Inc's Model Y electric sports utility vehicle is pictured in this undated handout photo released on March 14, 2019.

That's it from our side for now.

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