Tesla CEO Elon Musk announced on Sunday that the company will reveal its Model Y crossover SUV at an event in Los Angeles on March 14.
Musk made the announcement on Twitter.
The event will be held at Tesla’s design studio, located at SpaceX headquarters in Hawthorne, south of downtown Los Angeles.
The Model Y follows the Model 3, a compact sedan. The market has expected a Model Y unveiling for some time, and the March date makes sense, as Tesla has in the past revealed new vehicles around that time of year. The all-electric automaker pulled the cover off the Model 3 in April of 2016. (The Tesla Semi and new Roadster, however, were first shown in November of 2017.)
Tesla urgently needs a compact crossover to compete in this popular segment. In the US, sedan sales have entered what many industry observers and even some automakers consider to be a period of structural decline.
Consumers have said goodbye to the four-door and embraced crossover SUVs, which combine SUV versatility with car-like driving characteristics.
Musk added, also by tweet, that the Model Y would cost about 10% more than the Model 3, which is now available for order at a base price of $35,000. The Model Y, he said, would be 10% larger than the Model 3 and achieve slightly less range from battery back of the same size for both vehicles.
The Model Y, once its hits the streets, will fulfill a sort of inside-joke for Tesla: it’s vehicle lineup will spell out “S3XY” with a Model S, Model 3, Model X, and Model Y.
Rumors surrounding the launch date for Apple’s AirPods 2 have been coming in so thick and fast that it’s been hard to keep up with them all. The latest suggests that it could hit shelves as early as March 29, just days after Apple is rumored to announce its subscription news service. The launch date...
At the conclusion of part one of “Leaving Neverland” — the two-part HBO documentary that focuses on two men, Wade Robson and James Safechuck, who allege Michael Jackson sexually abused them when they were boys during the 1980s and 1990s — director Dan Reed shows a rift in Jackson’s relationship with the boys as child...