It has been a strange week for Tesla. Shops opened, and shops closed, a $35,000 Model 3 appeared, the SEC requested a federal choose to cost CEO Elon Musk with contempt of court. However drown all of it out, people, as a result of tonight is about that old style Musk magic.
Count on him to stroll onstage around 8 pm PDT to unveil Tesla’s newest, most prominent model, the Model Y, its first baby SUV. If the Model 3 was the EV for the plenty, the Model Y is the EV for the lots that the masses want. The US loves large automobiles: SUV and crossover gross sales are presently up 13% year-over-year, and just in need of half of all light cars offered in 2018 slot neatly into these classes. And Tesla believes it has a success on its fingers. “The demand for Model Y might be perhaps 50 % greater than Model 3.
Might be even double,” Musk mentioned throughout a January earnings name.Because the hour of the unveil attracts close to, although, now we have loads of questions. Musk advised traders that the Model Y would share about 75% of its half with the Model 3—however how completely different will it look? How a lot will it value? Will it have gullwing doorways like its costlier predecessor, the Model X? How a couple of the third row of seats? When will it be out there? And the way does Tesla—the corporate that went by way of “manufacturing hell” to create the Model 3—intend to drag all of it off? Tune in with us as we watch the present go down, and verify again beneath for our newest, live updates.