Tesla Model Y

Today is the day!

It’s almost like a holiday, Tesla Day, when Elon Musk and Tesla will finally reveal its new car, the Model Y. Intended to be a budget Model X, the Model Y will introduce even more competition into the already competitive budget midsize SUV market. Cars like the Honda CR-V, Toyota RAV 4, and the Jeep Cherokee, just to name a few, will be put on their heels with an electric, technological, performance SUV that now rivals gas cars range and price. With the Model Y, Tesla will be one step closer to bringing down gas cars into obsolescence and bringing transportation into a new age.

Reporting on what we know…

Based on Model 3

The Model Y will be another SUV like the Model X, however, it will be based on the Model 3. In order to make the Model X, Tesla took the Model S and beefed it up in size in order to fit more seats, and those impressive falcon wing doors. The same thing will happen with the Model Y as they’ll take the Model 3 chassis and build a bigger body on it. In fact, it will share around 60% of parts with the Model 3. So while the Model Y will look a lot like the Model X, it will actually be mechanically a Model 3.

Not Available to Buy (Yet)

Sadly, when Tesla reveals a new car it is just an initial showing and it’s not the car being released on the market. Like other Teslas, it will take around 2 years from today for the car to start production and go on sale. However, if you know you’re going to want this car you can put down a deposit of around $1000 to reserve your spot in order to get one. So, if you need a new car right now, you shouldn’t be looking to buy a Model Y.

No Falcon Wing Doors

Sadly, the Model Y won’t have the fancy falcon wing rear doors that the fancier Model X does. However, some might be happy because the falcon wing doors take a long time to open and cause a bit of a heart attack, to exaggerate slightly, when opening them in a tight parking spot. And we can say that some don’t want the extra attention that the doors draw.

Price

Because the Model Y is bigger than the Model 3, it is going to be more expensive than the Model 3. However, according to Elon Musk, it is only going to be around 10% more expensive which means the Model Y should start around $38,500. This is pretty amazing considering driving on electric is more reliable and cheaper than running on gas.

In conclusion, the Model Y is looking to shake up the largest growing market of cars, the practical SUV from $20K-$50K. Just like the Model S in 2012, the Model Y will shake up the market forcing automakers to redesign their current lineup, as the Model Y will be the only SUV that is under $40K that offers crazy performance, self-driving capabilities, and electric power.

The future is now.  View more on the car visit Tesla’s details on the car here.