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Tesla To Unveil Model Y SUV On March 14

(RTTNews) - Tesla Inc. (TSLA) will unveil its new Model Y electric crossover SUV on March 14.

"Model Y unveil event on March 14 at LA Design Studio..... Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery...Detailed specs & pricing will be provided, as well as test rides in Y," Chief Executive Elon Musk tweeted Sunday.

Last month, Tesla said the Model Y will share about 75% of its components with the Model 3, and it expects Model Y production to scale up "significantly faster" than the Model 3.

On 28th February 2019, Tesla launched the long-promised standard Model 3 with a base price of $35,000. The firm said it would shift to an online-only sales to make the lower price "financially sustainable.
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