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Elon Musk's Tesla adds 'Model Y' SUV to line-up

AFP  |  Hawthorne 

introduced a new slightly bigger and more expensive than its 3, pitched as an for the masses.

showed off the "Y" late Thursday at the company's design studio in the southern city of Hawthorne, and the company began taking

The all-electric Y has a starting price of $39,000 for a version with a 230-mile (370-kilometer) range. A long-range version of the SUV capable of traveling 300 miles (483 kilometers) on a single charge was priced at USD 47,000.

Deliveries were expected to begin late next year for higher-priced Model Y vehicles, with the standard-range version would likely get to buyers by spring of 2021, according to

Musk said the Model Y has "the functionality of an SUV but it will ride like a sports car" accelerating from stand-still to 60 mph in 3.5 seconds. Model Y featured a "panoramic glass roof" and could seat seven people, according to Musk.

The latest addition to the Tesla line-up comes shortly after the California-based company rolled out its lowest-priced Model 3, an designed for the masses, at a base price of $35,000, with deliveries promised in one month.

At that price, the Model 3 is less than half the cost of most Tesla on the road and may be eligible for tax incentives which could further lower ownership costs.

The new vehicles suggest Tesla has been able to overcome production bottlenecks to ramp up production to meet demand, and moving toward Musk's goal of making widely available.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 11:45 IST