Elon Musk who is the CEO of Tesla, announces that Tesla will unveil the Model Y SUV on March 14 at LA Studio. This is roughly another two weeks for the launch.
The Tesla Model Y will be the fifth car design which comes from Tesla’ shop since the company was founded in 2003. It was also said that Tesla Model Y would share 75% of its parts with the current Model 3. It is also noted that the current cheapest Tesla model is the Tesla 3.
According to Elon Musk, he predicted that the cost to build Model Y will be much lower than the Model 3. This is because, it shares the same components from Tesla Model 3 which are 75% are same components from the current Model 3. Tesla has also planned to produce the Model Y at its own factory at Nevada.
On his Twitter handle page also he tweeted regarding the size of the Model Y which is 10% bigger than the Model 3. This could highly impact on the price of the car too by at least 10% more than the current price of Tesla Model 3.