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Tesla Teases Model Y Electric Crossover For Debut Next Year

Tesla Teases Model Y Electric Crossover For Debut Next Year

Little is known about the vehicle at this stage, but Tesla founder and CEO Elon Musk has said it will have falcon wing doors (opening vertically, like on the Model X).

Musk responded by saying that when he was younger, he and his brother used to ride motorcycles all the time for about eight years -until he was nearly killed by a truck. "As I said before, we do not expect to need to raise any incremental debt or equity".

Tesla released the first teaser image of the Model Y at the company's 2017 Annual Shareholder Meeting in June past year.

Tesla has plenty of new products in the works, but one thing it will never build is a motorcycle, despite Elon Musk's penchant for biker jackets.

Perhaps most notable was in the announcement was news that Tesla will bring a compact vehicle to market within the next five years. That's eased the carmaker's cash burn, but some Model 3 reservation holders sought assurances their wait wouldn't be for naught.

Not one to pause and take stock, Elon Musk is already teasing what comes next, and therefore we've got a new concept image of the Model Y to look at. A spokesperson declined to disclose the percentage of Model 3 deposits that have been refunded. The goal, said Musk, is to be able to go nearly anywhere on earth using the Tesla Supercharger system. "At Tesla, we build our cars with love". When asked about a question about whether Tesla has any plans of making electric motorcycles, Musk categorically said that it's not going to happen.

He said: "It's important for us to show with the Roadster that an electric vehicle can outperform a gasoline auto in every way".

In a vehicle production and delivery release, the company stated that net Model 3 reservations "remained stable" through the first quarter, and indicated that the cancellations were triggered by production and availability delays.

The new teaser is once again a shadowy shot devoid of details but it does provide a glimpse of the proportions of the Model Y, which Musk said Tuesday would be revealed in March 2019 and put into production in early 2020.

If Tesla makes good on that promise, it may assuage some investors' fear.

Tesla's released its new Model 3 electric auto in July 2017 with a batch of 30 vehicles sold exclusively to members of staff.


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