Tesla unveils Model Y

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Tesla CEO Elon Musk unveiled a cheaper electric crossover, the Model Y, in a bid to regain momentum after a rough start to the year.

"It has the functionality of an SUV, but it will ride like a sports vehicle", Tesla CEO Elon Musk said at the unveiling, according to Verge. A Dual Motor AWD version has 280-miles of range 135mph top speed, 4.8 second s0-60mph time and a $51,000 price point.

Time will tell if this worry has any grounds but it's worth recalling that the Model 3 became the most sold electric vehicle in the world last year: the first full-year of production for the auto. The White Stripes' "Icky Thump" played in the background as a brilliant blue Model Y crossover glided into a spot along side a Model S, 3, and X inside the packed studio. Model 3 production is understood to remain at the company's Fremont California manufacturing plant.

This is a guess, but I'm curious to hear what you think - We heard before that Tesla had stated that the Model Y used more than 75% of the same parts as the Model 3. These variants will launch in Spring 2021. And at the top-end, its $60,000 Performance version helps it remain competitive with most brands.

This means the most likely scenario is that Tesla will have to make massive investments at its battery plant outside Reno, Nevada and obtain new environmental permits in order to build the Model Y there. The most affordable option, the Standard Range model, will drive 370 km per charge and top out at 193 km/h, with a zero-to-100 km/h time of 5.9 seconds.

The Model Y was unveiled on a livestream event held by the pioneering EV maker, in the most anticipated unveilings of a vehicle since, well, the "mass-market" Model 3 that was unveiled three years ago and has sold almost 150,000 models since.

Model Y Standard Battery will have 230 miles of range, while Model Y Long Range will be able to travel up to 300 miles on a single charge. The new SUV also has a 0.23 drag coefficient that should make it quiet and efficient on the highway relative to other models in the class. Th seven seat model is optional of course thanks to 66 cubic feet or 1.9 cube meter of cabin space matched with a panoramic glass roof.

Expectations from the Model Y were, therefore, fairly low in terms of just how SUV-inspired its design might be.

Musk said that there was a time when making a auto company was "stupid" and making an electric vehicle company was "stupid squared".

Consumers who plop down their deposits for the Model Y may have to cross their fingers for their vehicles to be delivered on schedule.

There are four variants in the Model Y lineup.

In October, Musk said "significant progress" had been made on the Model Y and that he had approved the prototype for production in 2020. Musk did say that if laws allow an upgrade could expand the self-driving capabilities in the future.

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