Tesla unveils Model Y

Darnell Taylor
March 15, 2019

Ordering the auto requires a $2,500 refundable deposit.

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".

A standard version, to be available sometime in 2021, would cost $39,000, with a 230-mile range. The Y will seat seven people with 66 cubic feet of storage space.

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The Model Y will initially arrive in Performance and dual-motor AWD trims. In fact, it looked exactly like I expected it to - it's a larger version of the Model 3 with an EPA range estimated to be 300 miles for the RWD variant. Remember, Tesla with the Model 3 claimed that it learned a tremendous amount from the production issues that plagued the Model S and Model X, only to find out that Tesla went off and created brand new production problems with the Model 3 by relying too heavily upon automation. This translates to a charging speed of up to 1,000 miles per hour, which should allow owners to do road trips even faster and more conveniently than before.

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. CEO Elon Musk emceed the event at Tesla's design studio in Hawthorne, Calif. "There was a time when electric cars seemed very stupid and it wasn't that long ago", Musk told the audience. Musk made a point to show how in the past ten years, the industry has changed from one opposed to the idea of electric cars, to how many manufacturers are doubling down on the transition, and the role Tesla has played in that.

Tesla Model Y joins the company lineup that now consists of the Model 3, Model S and Model X in the passenger vehicle range along with the second generation Tesla Roadster and Tesla Semi. "2018 felt like aging 5 years in one. thank you for supporting Tesla through this hard period", the CEO joked. Production of the Model Y is set to begin in 2020.

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