Musk adds new Model Y to electric car line-up
Tesla has introduced its newest car, the Model Y, its 2nd mass-market electric car.
The car was once unveiled at an match in Los Angeles. The company will first free up a long-range model of the car with a ticket of $47,000 (£35,489).
Chief govt Elon Musk mentioned a standard-range style priced at $39,000 can be to be had in 2021.
It comes after a difficult duration for Tesla, with manufacturing problems and prison issues for Mr Musk.
The Tesla boss had prior to now described the Model Y as a part of a plan to achieve a much wider target market, following on from the Model three – the most affordable car in its differ, which was once introduced in 2017.
The first, dearer Model Y can have a variety of 300 miles (482 km). Deliveries are anticipated to start in subsequent 12 months.
The common style can have a variety of 230 miles in line with rate.
By distinction, the Model three has a variety of 220 miles, a best pace of 130mph and Zero-60mph acceleration of five.6 seconds.
More than 400,000 signed up for the car nevertheless it confronted manufacturing problems and the costs had been upper than anticipated, averaging $50,000.
The value was once decreased to $35,000 in March.
The Model Y can have most of the identical options because the Model three however will probably be about 10% larger.
The Model Z – the Y’s dearer sibling – has a beginning value of $79,500.
It hasn’t been a very simple few years for Tesla.
Production problems have plagued it, and 2018 proved a extremely debatable 12 months for leader govt Elon Musk.
A tweet about taking Tesla non-public led to him being sued via the Securities and Exchange Commission, and he additionally confronted a defamation declare over a tweet.
This 12 months didn’t get started on a a lot better footing.
In January, the company introduced it was once chopping about three,000 jobs, with Mr Musk describing the former 12 months as probably the most difficult within the company’s historical past and acknowledging that the automobiles had been nonetheless “too expensive for most people”.
Tesla introduced it will close down a considerable choice of its retail outlets, however later modified its thoughts and mentioned it will carry the costs of its automobiles – however now not the Model three – as an alternative.