Tesla Launches Model Y Mini SUV

Tesla Launches Model Y Mini SUV
The latest electric vehicle from Tesla is a seven-seater mini-SUV with a range of 300 miles.

(CCM) — Tesla has finally launched its long-awaited Model Y seven-seater electric vehicle at an event held in Los Angeles, the BBC reports.

The Model Y is the company's second mass-market electric car, and the first version to be launched is a long-range model — priced at $47,000 — which can go about 300 miles on a single charge. The first deliveries of the vehicle are expected next year. A lower cost model — priced at $39,000 — will follow in 2021 with a range of 230 miles per charge, the report says.

The Model Y is about 10% bigger than Tesla's existing Model 3, which is priced at $35,000 and has a range of just 220 miles. However, the two cars have many of the same features.

Tesla has found producing its cars much harder than it had anticipated, and the Model 3 in particular suffered many delays. Earlier this year the company said it planned to cut costs by closing most of its Tesla showrooms, making about 3,000 people redundant, and selling its vehicles exclusively online.

However, the company later reversed this decision and said that it would have to raise its car prices instead.

Image: © Tesla.