Musk adds new Model Y to electric auto line-up

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This is Tesla's second attempt at designing, producing, and marketing a mass-market vehicle which looks to push the electric vehicle agenda. The company itself is known for ups and downs, which would better suit a roller coaster than a auto.

In terms of the design, the Model Y owes a lot to the Model 3, with a central 15-inch display, panoramic glass roof and conventional doors, rather than the gull-wing doors of the Model X.

Small SUVs are the fastest-growing segment in the United States and China, the world's largest auto market, where Tesla is building a factory, making the Model Y well positioned to tap demand. That changes now, and frankly, the Model Y's importance for Tesla can't be overstated.

Luckily for Tesla, many of its customers are also investors and surely they will appreciate the firm's apparent new commitment to boring but achievable profit-boosting. "But perhaps this Model Y will show otherwise". One thing that struck us about the Model-Y is how Tesla is still influenced by Porsche's aesthetics. There are only so many buyers who can fork over $145,000 or so for a nicely loaded Model X. There are hundreds of thousands of buyers who can order a crossover that costs $40,200. I couldn't get my seatbelt latched and so just made a decision to pray for the short two or three-minute ride while the enthusiastic driver launched down a blocked-off street. Speaking of the go-faster specification, acceleration and top speed are rated at 3.5 seconds and 150 miles per hour. The top speed for this variant is 120 miles per hour. It can go as far as 280 miles and accelerate to 60 mph in 4.8 seconds, with a 135 mph top speed.

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Here too there's been inflation at play: the company had previously given itself a target of 15 million in the same time frame. There have been rumours that the company may want to sell some of the non-core brands it owns, like Ducati, Scania and MAN.

And of course there will also be a Model Y with all-wheel drive. The vehicle's price will start at US$39,000, a longer-range version will cost US$47,000. For the Long Range with AWD, make that 4.8 seconds and 135 miles per hour. However, don't expect to get your Model Y anytime soon.

Tesla's dual-motor system uses computers to control the traction sent to the rear and front wheels, allowing for better handling and traction control.

The analysts also anticipate the Model Y not meeting its late 2020 delivery goal, "given historically poor execution and the lack of detail at the event on manufacturing location". "You can choose wheel sizes from 18" to 20" for the vehicle.

Options include Autopilot and Full Self-Driving Capability.

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The 2021 Tesla Model Y will launch late next year in all but Standard Range trim.

Tesla is now going through hard times, with Musk charged by the SEC with contempt for tweeting "inaccurate and material" information about the company.

And when the Model Y finally did appear, it was instantly clear that it is the result of Tesla's near-permanent "production hell": barely distinguishable from the Model 3, Tesla's new crossover is the most lukewarm and evolutionary new product it has ever introduced.

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