Tesla unveils its Model Y crossover

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The Model Y will be offered in four configurations along with a Standard Range Model set to arrive later, by Spring of 2021 prior to which three different variants will be on offer from Fall of 2020.

Tesla Inc's Model Y electric sports utility vehicle is pictured in this undated handout photo released on March 14, 2019. Those who follow Tesla may have been mildly surprised by this, as the solar roof in particular got a lot of attention a few years ago, but has been nearly completely overlooked lately.

With production planned for the USA and China, Tesla Musk predicted that the Model Y would soon outsell the rest of the company's cars combined.

Based on the Model 3 platform, the Model Y is a cheaper, scaled-down version of the Tesla Model X SUV.

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With the Model Y, Tesla has finally unveiled the last vehicle in its "S3XY "roadmap".

Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European auto makers rolling out their own electric rivals.

Model Y from the rear. The Model Y targets young family buyers with the SUV being bigger than the Model 3. Its exteriors boast of a similar fascia as seen on the Model 3. The original Tesla SUV, 2015's Model X, starts at $88,000.

The California-based company only started delivering Model 3 cars to China at the end of February, a key market where it has been trying to revive its sales which have been hit hard by Sino-U.S. trade tensions.

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The entry-level Model Y Standard Range steps down to a 5.9-second zero-to-60 time, 120 mph top speed, 230 miles of range and a $39,000 price tag.

Shares of Tesla are down 24 percent from an August high of $379.57, when Musk tweeted that he was taking Tesla private.

And for anyone who wants to watch the full Model Y unveiling, it's available below.

As soon as Musk's speech wrapped up, the Model Y was listed on the official Tesla website. Two weeks later it chose to keep more stores open than anticipated (and bump up prices), as well as announce the new V3 Supercharger.

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