Tesla Model Y: new electric mid-size SUV revealed

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It's Elon Musk's fifth auto ever to hit the road, and the company's second attempt at a mass-market electric vehicle. The company itself is known for ups and downs, which would better suit a roller coaster than a auto.

Tesla Inc's Model Y electric sports utility vehicle is pictured in this undated handout photo released on March 14, 2019.

Musk at the event tonight, admiring the new Model Y.

The interior, which is highly reminiscent of the Model 3's, comes black as standard, but for US$1,000 Tesla will make it black and white, with white seats and white dash trim.

Tesla Model Y

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.

There are four variants in the Model Y lineup. One thing that struck us about the Model-Y is how Tesla is still influenced by Porsche's aesthetics. So, it's a good idea to remember that if you happen to be one of the folks plunking down deposits for the first Model Y crossovers, it might be late showing up in your garage.

Given the popularity of SUVs in the US, the Model Y is likely to be even better-received than the Model 3-if it can skip to a drama-free production ramp-up as well as it skips the Model 3 hype. It will be able to go from 0 to 60mph in just 3.5 seconds and will have an extremely low centre of gravity due to the battery pack being in the floor of the auto. The top speed for this variant is 120 miles per hour. The entry-level model - with a range of 230 miles - will cost $39,000. The Long Range All Wheel Drive is slightly faster but has a shorter range.

The Performance model will live up to its name, launching from 0-60 in 3.5 seconds and hitting a top speed of 150 miles per hour, all the while sporting what Tesla promises will be "excellent handling for any road condition".

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Musk also suggested that driving a Model Y on Mars in ten years was not out of the question.

The company will first sell more expensive versions of the SUV, with prices starting from $47,000 to $60,000, and offering more battery range.

According to the company's latest shareholder letter, the Model Y is expected to "achieve volume production by the end of 2020, most likely at Gigafactory 1". Just like Model X, it also gets panoramic sunroof.

The Model Y will be offered in your choice of black, silver, white, red or blue. "You can choose wheel sizes from 18" to 20" for the vehicle.

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The mid-sized SUV could tap into a larger global market for crossovers, but some analysts wondered if the Y could impact demand for other Tesla models.

This list includes Audi and Volkswagen, who have cars that promise up to 420 miles in range with zero-emissions. Only time will tell.

Musk maintains, "Solar plus battery plus electric vehicles is a sustainable future you can be excited about".

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