Elon Musk says the smaller electric crossover will launch next March.
The Model S, Model X, and Model 3 are all in production. The new Roadster's on its way, and so is the Semi truck. So what's next for Tesla? The Model Y. The electric motor company just held its annual shareholders meeting last night. And among the new tidbits that came out of it was this first teaser for the forthcoming battery-powered crossover. Inside EVs revealed the image of the forthcoming smaller counterpart to the Model X and taller version of the Model 3, which ought to further extend its appeal.
Details are still few and far between. But CEO Elon Musk – who survived an attempt to remove him as chairman at the same meeting – revealed via Twitter that the finished product would be revealed in March of next year. When it does debut, we can expect similar powertain options and a slightly higher price point than the Model 3. For comparison's sake, the list price on a new Model X in base 75D spec comes in at $88,800, which comes out to $14,300 more than a similarly equipped Model S 75D ($74,500). The Model 3 is supposed to start at around $35k, though Tesla has yet to begin delivering those base-spec versions.
So we might see the Model Y starting (at least theoretically) at around $42k – about half the price of the Model X – if Tesla can manage it. The bigger question is how Tesla intends to handle production of the additional model, seeing as how it's already struggling to produce the Model 3 at the rate it intends. The new truck, roadster, and crossover would double the company's lineup beyond the three models it currently offers.