Tesla unveils Model Y SUV as electric vehicle competition heats up

Tesla Reveals Model Y ‘Baby SUV’ Tonight: How To Watch Live

The fifth Tesla EV-after the original Roadster, the Model S, the Model X, and the Model 3-will share its wheelbase, chassis, and powertrain options with the brand's current smallest model, the Model 3 sedan.

With that big of trivia out of the way, the Model Y is expected to be largely based on the Model 3. A Standard Range version will follow in Spring 2021 for $39,000 (roughly £26,000) with 230 miles of range, a 120mph top speed and 5.9 second 0-60mph time.

The cheapest of these three models will be the Tesla Model Y Long Range. But once you start stacking features into the vehicle, it starts bleeding into the range of Audi's E-Tron and Jaguar's I-Pace.

Tesla Reveals Model Y ‘Baby SUV’ Tonight: How To Watch Live
Tesla unveils new Model Y compact SUV set to release in fall 2020

It will arrive first in Long Range, Dual-Motor All-Wheel Drive and Performance forms. This variant will sacrifice 20 miles of range from the Long Range in favor of improved performance. Thanks to a pair of powerful electric motors, this model will have a 280 mile (450 km) range, a 150 miles per hour (241 km/h) top speed and accelerate to 60 miles per hour in a blistering 3.5 seconds. The faster charging speed will also allow Supercharger V3 locations to accommodate more vehicles per hour; a capability that will be beneficial to Model Y owners considering the estimated demand for the all-electric SUV. It has been priced from $60,000.

A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, Calif., on June 22, 2018.

Analysts said that with the Model Y, Tesla look to dig its claws into the profitable compact SUV segment, which grew by 12.6 percent to 3.5 million SUVs sold in 2018. The seven seats will be an optional extra. True to a number of teasers that have been released over the past weeks, the Model Y is a larger, somewhat bulkier version of the Model 3. All up, the cabin offers 66 cubic feet of storage space.

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