Tesla Model Y Announcement Happening on March 14th

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Tesla CEO Elon Musk announced Sunday night that he is ready to announce the new Tesla Model Y to the world at an event happening on March 14th.

The Model Y has been in development for years and is based on the Model 3 technology. Similar to the way the Model X was based on the Model S technology. Musk has also stated on Twitter that the Model Y will share 75% of its parts with the Model 3.

When it comes to overall size and performance, the Model Y will be 10% larger than the Model 3 and cost 10% more. It will also have less range than the Model 3 and could have a slower acceleration based on its larger size in comparison.

Tesla Model X Falcon Wing Doors

Tesla Model X Falcon Wing Doors

The Model Y will also not feature the impressive Falcon Doors we see on the Model X today. This is probably due to multiple production issues with the doors in the past and the complexity to get them functioning correctly on the Model X.

This will be the fifth overall vehicles Tesla has announced since they were founded back in 2003, and it's not expected to start production till 2020. This production would happen at the Reno Nevada Gigafactorry, but could also be expanded to the new Gigafactorry being built in Shanghai China.

According to additional Tweets from Elon Musk int eh past the Model Y designed has been finalized since late last year. Musk has also stated Tesla will allow for rides in the new Model Y at the event on the 14tth meaning the company has many fully functional Model Y's ready to be shown off.

The next vehicle Tesla is expected to announce is the upcoming Tesla Pickup Truck which Musk has said will be announced later in 2019.

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