With the reveal of the Model Y Tesla will look to tap into the compact SUV segment of the US auto market, which grew by grew by 12.6 percent to 3.5 million in 2018. The Model Y will most likely be a much more conventional electric SUV. March 14, 2019 will be the official unveiling event at the Tesla Design Studio, Hawthorne, California. However, this could help Tesla get more units of the Model Y out on the road, something which has been a major worry for the company with the Model 3. Musk stated that the Model 3 is an incredible vehicle, and there are some pretty important consumer tax benefits that can be had at $35,000.As per Musk, in the first quarter, Tesla will not turn a profit, while in the second quarter he believes the company will come back to profitability.
Last week, Tesla has launched its new base Model 3, priced at $35,000 and comes with a standard battery pack.
"Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have made a decision to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months", said Tesla in a blog post.
Here's what to expect from the Tesla Model Y SUV.
Musk corrected his tweet four hours later to say that the "annualized production rate" at year-end 2019 would probably be about 500,000, with deliveries expected to be about 400,000.
Dark teaser images released by Tesla on its website suggests the Model Y will borrow a handful of styling cues from the Model X which includes a tall, angular front end. The move is created to increase Tesla's vehicle transportation capacity and cut delivery times. The SEC said Musk's February 19 tweet was inaccurate, and that he didn't search nor obtain pre-approval previous to publishing. But its announcement also mentioned the Model Y, which shares the Model 3 platform.
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Tesla aims to increase factory capacity and multiply production manifold.
Tesla claims this combination of higher peak power with V3, dedicated vehicle power allocation across Supercharger sites and a new feature called On-Route Battery Warmup (the auto will intelligently heat the battery to ensure you arrive at the optimal temperature to charge) will enable customers to charge in half the time-around 15 minutes in most instances.
"How else can you view it except to see it as a remarkable example of lack of foresight or planning?"
Musk had stated that the mid sized SUV segment is the most popular and favourite worldwide.
That doesn't mean every Model Y will be made in America.