Tesla Opens Model Y Orders With 2020 Production Target
Tesla now accepts $2,500 deposits for the Model Y, a mid-sized electric SUV sharing 75 percent of its parts with the Model 3. Production begins in late 2020, with prices ranging from $39,000 to $60,000 depending on the variant.
Tesla opens online orders for the Model Y, requiring a $2,500 deposit for the mid-sized all-electric crossover SUV. The company expects production to begin in late 2020, meaning actual deliveries do not start until late 2020 or early 2021. Unlike the Model 3 reveal, Elon Musk surprisingly does not mention the availability of orders during the official unveiling event in Los Angeles.
The Model Y shares about 75 percent of its parts with the Model 3 but offers a larger, higher stance and a standard panoramic roof. It comes standard as a five-seater, while customers pay an extra $3,000 for a seven-seat configuration that does not become available until 2021. The vehicle comes in standard, long-range, dual-motor all-wheel drive, and performance variants.
Pricing starts at $39,000 for the standard-range version, which offers a 230-mile range but faces a delay until spring 2021. Tesla prioritizes the long-range, dual-motor, and performance versions, with the top-tier performance model starting at $60,000 and reaching 0 to 60 mph in just 3.5 seconds.