Initially starting at $47,000 the new crossover will be priced to compete in the main segment of the U.S. market–and face a growing number of electric competitors when it shows up.
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Musk, addressing an audience of loyal fans packed into the carmaker’s Los Angeles design studio, unveiled the new vehicle after a lengthy retelling of Tesla’s history and showing off all its models, from the original Roadster through the Tesla Semi. The addition of the crossover, smaller and cheaper than the current Model X, completes Tesla’s “sexy” themed lineup, he said.
Model Y prices will range from $39,000 for a base version due in 2021 to more than $60,000 for a performance-grade crossover.That range estimate appears to apply only to the $47,000 Long Range version of Model Y, while all-wheel-drive and performance versions will go 280 miles per charge and start at $51,000 and $60,000, respectively, based on a lineup chart Tesla showed at the event.
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