March 14 (UPI) — Tesla unveiled its highly anticipated new Model Y compact SUV, which CEO Elon Musk said would release in fall 2020.
The Model Y will release at a starting price of $ 47,000 for the “Long Range” model with a more standard $ 39,000 model to release in spring 2021, Musk announced in a livestreamed event from the company’s Los Angeles Design Studio on Thursday night.
Upgraded dual motor all-wheel drive and performance models will also be available in the fall for $ 51,00 and $ 60,000 respectively.
The compact SUV, which Musk compared to a larger version of the company’s Model 3 sedan, will have a range of 300 miles, a 0.23 drag coefficient and the capability to increase in speed from 0 mph to 60 mph in 3.5 seconds.
“It has the functionality of an SUV, but it rides like a sports car,” said Musk.
It also features a panoramic glass roof, seating for seven people and will come feature complete with autopilot some time later this year.