Tesla Unveils 7-Seater Model Y

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Justifying that price tag is the Model Y's larger body. Really, this was Musk's thinking.

Musk unveiled the Model Y at a short 40-minute event at Tesla's design studio in Hawthorne, outside Los Angeles, that was streamed live online.

"He was not the usual charismatic Elon Musk". "We love you, Elon!" they whinnied.

CEO and founder Elon Musk believes that demand for the Model Y could outstrip the Model 3, which has proven itself by a very long yard the most popular EV of 2018 and became the USA's best-seller in its segment late past year.

Luckily for Tesla, many of its customers are also investors and surely they will appreciate the firm's apparent new commitment to boring but achievable profit-boosting. Ordering the vehicle requires a $2500 (R36 250) refundable deposit.

If you're only interested in ultimate Model Y experience, then you need to get the Dual Motor Performance version and add the following features: Red Multi-Coat paint ($2,500), Black and White interior ($1,000), Seven-Seat layout ($3,000 - and available in 2021), Autopilot ($3,000) and Full Self-Driving Capability ($5,000). Coefficient of drag will be a remarkable 0.23, making it one of the most wind-slippery production vehicles in history. The "Long Range" version of the rear-wheel drive is listed at 47,000 dollars, the twin-engine four-wheel drive version with "Longe Range" battery costs 51,000 dollars (with performance package: $60,000). Like Model 3, Model Y requires no keys, but instead connects to your smartphone for seamless entry and exit, with a single 15-inch touchscreen interface inside for all of the car's controls.

Deliveries are expected to begin in the fall of 2020. There was no verification from the company that battery packs will be the same as Model 3, but with range and performance down slightly from the equivalent sedan, that's likely. It'll sticker for $52,200. 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. At first look-for a vehicle that won't arrive for Americans until late 2020-Tesla was ready not just to build the hype, but help show right away how the Model Y pencils out.

Tesla Model Y

Like the Model 3, it will accelerate from zero-to-60-mph in as quickly as 3.5 seconds.

Even amid manufacturing bottlenecks, Tesla Inc., formerly known as Tesla Motors, is working on expanding its lineup as much older automakers launch their own electric sub-brands.

Tesla, which introduced a cheap $35,000 version of its Model 3 sedan last month and is struggling to convince backers its business model works, on Thursday launched the "Model Y" compact SUV - built on the same platform as the Model 3.

It's important to Tesla's future that it eventually delivers the Y at volume. I was just too cool to scream. "We're bringing S3XY back, quite literally!"

By keeping it the vehicle simpler than the Model X - which was nearly two years late to market because of technical challenges - Tesla will be hoping for a smoother and faster production ramp up.

Musk had previously joked that after making the Model S and the Model X, he thought it would be "pretty amusing if we had the model E".

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