The Model Y SUV's similarities to the Model 3 sedan suggest Tesla has nailed down its design and production process:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning,Last Thursday, Tesla lifted the veil on its much-anticipated Model Y crossover SUV at its California headquarters,The vehicle is already available for pre-order, although the first models won't start shipping until the fall of 2020.
Though some observers are underwhelmed by a perceived lack of exciting new features, the Model Y SUV's similarities to the Model 3 sedan suggest Tesla has nailed down the design and production process for new vehicles. The new Model Y shares about 75% of its parts with the Model 3, per figures cited by Popular Science.
The Model Y's tiered pricing is structured like some of Tesla's other models, suggesting that Tesla is also closing in on standardizing its pricing strategy. The Model Y is available in four, differently priced versions:A rear-wheel drive Long Range version A rear-wheel drive Standard Range version . Standard Range models will not begin shipping until spring 2021, while the other three models will begin shipping in fall 2020.
The tiered structure has been evident in some Tesla pricing in the past, but the announcement that the Model Y will follow suit shows a new commitment on Tesla's part to formalizing its pricing approach. This increased clarity will benefit prospective customers in making a purchase decision.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla just unveiled the Model Y, its new crossover SUVThe Model Y could help Tesla tap into the growing crossover market.
Read more »
Tesla CEO Elon Musk reveals Model Y electric SUV: 'It will ride like a sports car'Tesla unveiled the Model Y SUV late Thursday — a long-awaited electric vehicle that CEO Elon Musk has predicted will be the company's best seller.
Read more »
Tesla to unveil Model Y SUV as electric vehicle competition heats upTesla Inc will unveil its Model Y electric sports utility vehicle on Thursday ev...
Read more »
Elon Musk Set to Unveil a New Tesla for the Masses—the Model Y SUVThe billionaire entrepreneur is expected to unveil the all-electric Model Y compact sport-utility vehicle Thursday, as he strives to turn the upstart auto maker into a mass-market car company.
Read more »
Tesla just unveiled the Model Y, its new crossover SUV, starting at $39,000After much anticipation, Tesla unveiled its latest electric vehicle yesterday. The Model Y is a crossover SUV that will cost from $39,000 to $60,000. Here's what it offers.
Read more »
Tesla Model Y: Elon Musk's second electric SUV is hereTesla has unveiled its newest all-electric car. The most-affordable Model Y will have a base price of $39,000 and a 230-mile battery range.
Read more »
Tesla is about to reveal the Model Y — here's how much it could costTesla will unveil its upcoming Model Y crossover SUV on Thursday.
Read more »
The Tesla Model Y has staggering specs — but it isn't a major new design for TeslaThe design, while distinctive in crossover SUV land, isn't a huge departure from what has become a familiar Tesla look.
Read more »