It's fair to say the automaker is up against an entirely different set of hurdles than it was on March 31, 2016. Well, Tesla just launched the Model-Y, another SUV that aiming to satisfy users that fall into Musk's demographic i.e. middle-aged men with children. The rear-drive Long Range is the 300-mile Model Y, while the dual-motor versions (Long Range and Performance) check in at 280 miles of range.
Model Y also connects with the Tesla Mobile app for unique, easy-to-access features like remote unlock, Summon, remote pre-conditioning, location tracking, Speed Limit Mode, and much more.
The 2021 Tesla Model Y will launch late next year in all but Standard Range trim.
The Model Y may be Tesla's most important product yet as it attempts to expand into the mainstream and generate enough cash to repay massive debts that threaten to topple the Palo Alto, California, company. But given the parts commonality with the Model 3, maybe the company will for once be able to stay on track.
Price aside, Tesla clearly has high hopes for the Model Y. Musk stated he expects the company to "probably do more Y than S, X, and 3 [sales] combined". If you'd like even more grunt, you can step into a Performance version for $60,000*.
Tesla officially unveils the Model Y
This blindsided employees and investors alike, and Tesla backtracked 10 days later, saying in a blog post that more stores would remain open but vehicle prices would have to rise by about 3 percent on average worldwide. And as you can see by the vehicle's styling, it looks like a Model 3 from almost every angle, only with a taller greenhouse and a hatchback instead of a trunk.
Still, the Model Y, like all Tesla's models, has already seen pre-production delays. The vehicle will be priced at $47,000 in the first instance and will capable of delivering 300 miles on a single battery charge.
This leads the carmaker on to the Model Y which is an SUV based on the Model 3 in the same way the Model X is based on the Model S. At this stage it has yet to be fully confirmed whether SA will get the Tesla brand, although late a year ago Musk did state, in reply to a Tweet, that a Tesla store might open in the country during 2019.
One of the headline figures for the Model Y is its 0.23 Cd. There are only so many buyers who can fork over $145,000 or so for a nicely loaded Model X. There are hundreds of thousands of buyers who can order a crossover that costs $40,200.
It comes after a challenging period for Tesla, with production issues and legal problems for Mr Musk. Unfortunately, the Model-Y does not feature Tesla's trademark Falcon doors, as the system is too expensive and complex to integrate into a vehicle expected to increase the company's market share.