Musk tweeted on Sunday that the "Model Y," which had been discussed for several months, would be unveiled at the company's design studio in Los Angeles.
The news comes shortly after Tesla unveiled its lowest-priced Model 3, an electric car designed for the masses, at a base price of $35,000, with deliveries promised within one month.
At that price, the Model 3 is less than half the cost of most Tesla on the road and may be eligible for tax incentives which could further lower ownership costs.
Musk said the Model Y would be bigger and somewhat more costly than the Model 3, although it was not immediately clear if he was referring to the lowest-priced versions.
"Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery," he tweeted.
The new vehicles suggest Tesla has been able to overcome production bottlenecks to ramp up production to meet demand, and moving toward Musk's goal of making electric vehicles widely available.
In last week's announcement, Tesla also indicated it would be closing its showrooms and selling all its cars online.
rl/jm
| Buy Advertising | About Us | Editorial & Other Enquiries | Privacy statement |
| The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes. |
