Tesla is all set to announce the Model Y in the American market. The new Model Y is slated to be the cheaper variant of Model X in the brand’s portfolio. Rumors for the new model has been swirling in the market for a very long time now and Elon put them to rest with his tweet early this month.
The new model will be based on the Model 3 with Elon stating that it is “about 10% bigger than Model 3” and it will look “a lot like” the sedan. In terms of pricing, the new model will be in the range of $45,000 to $75,000.
The unveiling event is set starts at 8PM Pacific time/ 8AM(15th March) IST at Tesla’s Design Center in Hawthorne. It will be live streamed on Tesla’s website and on YouTube.