Tesla CEO Elon Musk Unveils Model Y Crossover SUV

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Tesla Model Y

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk finally unveiled the company’s latest vehicle, the Model Y Crossover SUV.

During the unveiling event on Thursday night, Musk emphasized that the  Model Y is “extremely safe” and is expected to get five-star safety ratings just like the Model 3.

He said the Model Y “has the functionality of an SUV but it will ride like a sports car. This thing will be really tight on corners. We expect it will be the safest mid-size SUV in the world by far,” said Musk.

Musk added that Tesla always designs it vehicles with “safety as the number one goal.” He further stated that the Tesla Model Y offers an “incredible performance” and “great handling.” It has a panoramic glass roof, 66 cubic feet of cargo space, and seat seven people

Tesla Model Y line-up

Tesla plans to sell four Model Y versions including:

  •  Standard-range Model Y— offers up to 230 miles of range and a top-speed of 120 miles per hour. Its starting price is $39,000 (to be delivered in the spring of 2021)
  • Long-range Model Y— offers up to 300 miles of range and a top-speed of 130 miles per hour. Its starting price is $47,000 (to be delivered fall of 2020)
  • Dual-motor all-wheel drive Model Y— offers up to 280 miles of range and top-speed of 135 miles per hour. Its starting price is $51,000 (to be delivered in the fall of 2020)
  • Performance Model Y— offers up to 280 miles of range and a top speed of 150 miles per hour. Its starting price is $60,000 (to be delivered in the fall of 2020)

Musk expressed confidence that consumers will prefer the Model Y than other mid-size SUVs available in the market. “I think it will probably sell,” he said.

Consumers will now be able to order the Model Y on its website. The company recently announced that it is “shifting all sales online” to “remain financially sustainable.”