ELON MUSK Tesla unveils Model Y, price starts at $39,000

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Tesla unveiled its Model Y electric sports utility vehicle on Thursday (March 14) in California, promising a much-awaited crossover.

Chief Executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would first debut in a long-range version with a range of 300 miles (482 km) priced at $47,000.

A standard version, to be available sometime in 2021, would cost $39,000, with a 230-mile range. The vehicles can be configured to include 7 seats for an additional $3,000.

After the event, Tesla’s website included a page to “design and order” the more expensive, long range version of the vehicle with rear-wheel drive, available next year. Ordering the car requires a $2,500 refundable deposit.

Musk unveiled the vehicle at a 40-minute event at Tesla’s design studio in Hawthorne, outside Los Angeles.

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