After painfully joking and meandering his way through the history of the Tesla model lineup—at one point joking that the lineup is now “Semi SEXY” with evidently no love for the Roadster—as well as the rest of the company’s history, Musk finally got to the point and showed us the Model Y.
The Model 3, But Bigger
As Elon promised when he announced the reveal date of the Model Y, the new crossover is approximately 10 percent bigger in size, and will be priced to cost about 10 percent more than the Model 3. In the company’s final 2018 update, it mentioned the Model Y would share a platform and about 75 percent of its components with the 3.
When Will It Actually Go Into Production?
According to a CNBC report earlier this month, Tesla was debating exactly where it wants to build the Model Y. According to the report, the company was considering combining Model S and X production into one line at the Fremont, California factory, or allocating space for production in the Gigafactory near Reno, Nevada.
In January, Musk tweeted that affordable versions of the Model 3 and Y would be produced in the new Shanghai Gigafactory to serve the Chinese market, with higher cost versions produced exclusively in the U.S. In a letter to shareholders back in February, Tesla claimed the Model Y would go into production by the end of next year.
“There was a time when everyone thought electric cars were stupid, and it wasn’t that long ago,” Elon Musk said at the start of tonight’s presentation. And he’s right. The company has come a long way, and pushed the entire industry even further.
The Tesla Model Y also finally completes the lineup’s unfortunately dumb naming acronym. Congrats, Elon. You did it. Mission accomplished.
This post is being updated…