Tesla unveils Model Y SUV as electric vehicle race heats up GlobeBusiness
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A standard version, to be available some time 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.
Small SUVs are the fastest-growing segment in the United States and China, the world’s largest auto market, where Tesla is building a factory, making the Model Y well positioned to tap demand. Shares of Tesla are down 24 per cent from an August high of $379.57, when Musk tweeted that he was taking Tesla private.
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