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Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday.
Tesla CEO Elon Musk has said the vehicle will transform Tesla’s manufacturing process.
Statements from Musk and leaked Tesla documents have provided hints about the Model Y’s features and production process.

Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday.

The vehicle will be the automaker’s second SUV and will be built on the same platform as Tesla’s most recent vehicle, the Model 3 sedan. Tesla CEO Elon Musk has said the vehicle will transform Tesla’s manufacturing process, representing an improvement over the delay-ridden production ramp for the Model 3.

Daniel Ives, a managing director at Wedbush Securities, called the Model Y “a potential game changer” that could receive “massive demand” in a note to clients on Wednesday, though Goldman Sachs analysts said in a Wednesday note that the timing of the vehicle’s unveiling could cut into demand for the Model 3.

“This new product could further weigh on Model 3 demand as consumers decide to wait a little longer to purchase a Tesla crossover vehicle,” the analysts said.

Here’s what we know about the Model Y so far.

Have a Tesla news tip? Contact this reporter at mmatousek@businessinsider.com.

SEE ALSO: Elon Musk said a Tesla car would be able to drive itself across the country by the end of 2017 — but it’s 2019, and that still hasn’t happened

The Model Y will be a little larger and more expensive than the Model 3.

The Model Y will be around 10% bigger than the Model 3 and cost about 10% more, Musk has said.

The Model 3 starts at $35,000 before federal and state incentives, which suggests that the Model Y will start at around $38,500.

It will have the same battery as the Model 3, but …read more

Source:: Business Insider

      

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