Published: Fri, March 15, 2019
Markets | By Noel Gibbs

Tesla Model Y debuts in California with $39,000 base price

Tesla Model Y debuts in California with $39,000 base price

The SUV will join the Model 3, Model S, and Model X in Tesla's range of consumer passenger vehicles as well as the impending second-generation Tesla Roadster and Tesla Semi.

Tesla will begin taking orders for the Model Y shortly after Thursday's reveal.

The Tesla Model Y
The Tesla Model Y Tesla

China's General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels. That means if the Model Y is offered in a Standard Range, rear-wheel drive configuration like the Model 3, we should expect a starting price of around $38,500. But once you start stacking features into the vehicle, it starts bleeding into the range of Audi's E-Tron and Jaguar's I-Pace.

One step up in the range will be the Tesla Model Y Dual Motor AWD. It will have a top speed of 135 miles per hour (217 km/h) and deal with the 0-60 miles per hour sprint in 4.8 seconds. The base variant comes in at $39,000, with a range of 370 kilometers (230 miles) on a single charge; the top-end Performance model will be able to cover 450 kilometers (280 miles), hit a top speed of 240 kmph (150mph), and set you back by $60,000.

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A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, Calif., on June 22, 2018. Test rides of the Model Y are also in store. Consequently, the automaker's entry-level SUV has large headlights and a relatively short front overhang.

Analysts said that with the Model Y, Tesla look to dig its claws into the profitable compact SUV segment, which grew by 12.6 percent to 3.5 million SUVs sold in 2018.

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Musk has promised an easier production ramp of the Model Y, since it shares about three-quarters of its parts with the Model 3 and would need only half the capital expenditures of the sedan. The Model Y has 66 cu ft of cargo space.

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