Tesla Inc will unveil its Model Y electric sports utility vehicle on Thursday ev...
SAN FRANCISCO - Tesla Inc will unveil its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals.
Musk plans to unveil the car and offer pricing and other details at a small event at Tesla's design studio in Hawthorne, outside Los Angeles, and it will stream it online starting at 8 p.m. PT . Tesla’s targeted volume production date of late 2020 would put it behind electric SUV offerings from Volkswagen AG’s Audi, Daimler AG’s Mercedes-Benz and BMW.
Musk has promised an easier production ramp of the Model Y, since it shares about three-quarters of its parts with the Model 3 and would need only half the capital expenditures of the sedan.
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