Tesla Inc (NASDAQ: TSLA), which is renowned for its sleek, stylish, tech-savvy, energy-efficient, electric utility vehicles, is prepping to add one more product to its stable.
Tesla released the teaser image of its Model Y vehicle at its annual shareholder meeting held on June 4. Charismatic CEO Elon Musk clarified that the vehicle would be built on a whole new platform, different the platform for its mass market vehicle Model 3, which is due to commercially launched soon.
Source: EV.Network
Ahead of the meeting, on the company's earnings call following the release of its first-quarter results, Musk suggested that the all-electric crossover would be made available in late 2019 or 2020. The Model Y was supposed to further the company's goal of hitting its target of 1 million vehicle per year in 2020.
Musk also suggested on the call that the new platform for the Model Y vehicle might do away with the 12-battery architecture. This would obviate the lead-acid battery and instead rely on an altogether different way of powering the in-car electronics.
Tesla might release the design at least a year before the launch so that it can open reservations, according to Electrek.
With things remaining hazy concerning the Model Y vehicle, Benzinga looked at Tesla's car models released thus far, and also the imminent Model 3 vehicle.
No. 1: Model S Sedan
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Introduced: June 22, 2012.
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Type of Vehicle: All-electric vehicle premium sedan, with Autopilot capabilities.
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Performance: 0 to 60 mph acceleration in 2.3–5.5 seconds.
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Range: 249–335 miles range.
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Super Charging: Free unlimited supercharging for life of ownership, with referral.
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Number of passengers: five adults, two children.
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Display: Two digital displays, driver display and 17" touchscreen.
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Other Features: Full self-driving capability, aluminum body, smart air suspension, glass roof or panoramic sunroof, 19" or 21" performance wheels, HEPA filtration system, auto-presenting door handles.
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Price:* $69,200.
Until 2016, Tesla sold 158,159 of Model S globally, with roughly 58 percent of it sold in the U.S.
No. 2: Model X Sedan
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Launched: September 2016.
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Type of Vehicle: all electric, luxury crossover sports utility vehicle.
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Performance: 0 to 60 mph acceleration in 2.9 seconds.
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Range: 295 miles range on a single charge.
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Super Charging: Unlimited access to Tesla's global charging network.
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Number of passengers: available in five-, six- or seven-seating configurations.
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Other Features: Full self-driving capability, safety features such as Automatic emergency braking, side collision warning, lane departure warning, Autopilot driver assistance capabilities, HEPA filtration system, Panoramic windshield, falcon wing doors .
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Price:* $94,700.