Tesla Model Y announced: release set for 2020, price starts at $39,000

This is the Tesla Model Y, the electric carmaker’s new compact SUV due out in 2020. It has a range of 300 miles, seating for seven, is capable of sprinting from 0 to 60 mph in 3.5 seconds, and will start at $39,000. It’s Elon Musk’s fifth car ever to hit the road, and the company’s second attempt at a mass-market electric vehicle.

“It has the functionality of an SUV, but it rides like a sports car,” Musk said.

The Model Y was revealed at a crucial time for Tesla. In its first full year of production, the Model 3 sedan became the best-selling EV in the world in 2018 — and that’s just in North America. But Tesla’s drive to make that many Model 3s nearly killed the company, according to Musk. And there has been speculation that Tesla may…

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