Tesla Model Y first details: 300-mile electric SUV, starting around $48k

Tesla Model Y starts at $47K in late 2020

Tesla's targeted volume production date of late 2020 for the Model Y would put it behind electric SUV offerings from Audi, Mercedes-Benz and Jaguar.

"It has the functionality of an SUV, but it will ride like a sports vehicle", Musk said at the launch event in Los Angeles.

The performance auto with 280 miles range and 150 miles per hour and 3.5 seconds from 0 to 60 mph will start at $60,000 and both AWD and performance option are slated for fall 2020. The Model Y gives Tesla the opportunity to tap into that growing market.

Some have lamented that due to the fact the Model Y shares 3/4 of its architecture with the Model 3, it may not have the roominess most come to expect in an SUV. Last week Tesla reversed course and said it would leave many stores open and raised prices back by about 3 percent.

Prices for the model will start at $39,000 (£30,000) and going up to $60,000, making the vehicle slightly more expensive than its mass market Model 3, but significantly cheaper than the Model X, Tesla's previous family-sized auto.

The Standard version will cost $US39,000 ($A55,000 at today's rates), and will be introduced in the northern hemisphere in spring 2021. You'll pay for it though, with prices starting around $60,000 (£45,280).

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

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A Standard Range model will round out the bottom of the range, with a 230-mile range and 5.9 second 0-60mph time.

The vehicle also eschews keys, like the Model 3, and will connect to the driver's smartphone for entry and exit.

As to the technical data and prices of the Model Y; According to Tesla, the basic version "Standard Range" will cost 39,000 USA dollars (net price).

Still, the Model Y, like all Tesla's models, has already seen pre-production delays. It's noticeably bigger than the Model 3 and can seat seven people.

The Model Y is available for preorder right now; that is if you're willing to part with a fully refundable $2,500 reservation fee.

The launch of the Model Y also reignited worries that Tesla would need to raise cash sooner than later. Tesla has not announced when or if it will be taking deposits on pre-orders, as it has for past vehicles.

With the V3 Supercharger hardware that Tesla revealed last week, a 15-minute recharge can gain 168 miles of range. The heavier Model Y, however, will have less range because of its increased weight and size. "We are bringing back sexy, quite literally", Musk said to cheers from his fans, referencing the names of the Tesla lineup. If the Model Y inspires any such passion, it hardly shows so far. and what little enthusiasm it has generated is unlikely to survive the next two years (plus the inevitable adjustment for "Elon Standard Time").

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