March 16, 2019

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Musk adds new Model Y to electric car line-up

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Teaser photos of the Model Y have been launched by Tesla forward of the launch

Tesla has launched its newest car, the Model Y, its second mass-market electric car.

The car was unveiled at an occasion in Los Angeles. The agency will first launch a long-range model of the car with a price ticket of $47,000 (£35,489).

Chief government Elon Musk mentioned a standard-range mannequin priced at $39,000 can be out there in 2021.

It comes after a difficult interval for Tesla, with manufacturing points and authorized issues for Mr Musk.

The Tesla boss had beforehand described the Model Y as a part of a plan to attain a wider viewers, following on from the Model 3 – the most affordable car in its vary, which was launched in 2017.

The first, dearer Model Y could have a variety of 300 miles (482 km). Deliveries are anticipated to start in subsequent 12 months.

The normal mannequin could have a variety of 230 miles per cost.

By distinction, the Model Three has a variety of 220 miles, a prime velocity of 130mph and 0-60mph acceleration of 5.6 seconds.

More than 400,000 signed up for the car however it confronted manufacturing points and the costs have been greater than anticipated, averaging $50,000.

The value was diminished to $35,000 in March.

The Model Y could have most of the similar options because the Model Three however will likely be about 10% larger.

The Model Z – the Y’s dearer sibling – has a beginning value of $79,500.

Rocky highway

It hasn’t been a simple few years for Tesla.

Production points have plagued it, and 2018 proved a extremely controversial 12 months for chief government Elon Musk.

A tweet about taking Tesla personal led to him being sued by the Securities and Exchange Commission, and he additionally confronted a defamation declare over a tweet.

This 12 months didn’t begin on a significantly better footing.

In January, the agency introduced it was slicing about 3,000 jobs, with Mr Musk describing the earlier 12 months as essentially the most difficult within the agency’s historical past and acknowledging that the vehicles have been nonetheless “too expensive for most people”.

Tesla introduced it will shut down a considerable variety of its shops, however later modified its thoughts and mentioned it will increase the costs of its vehicles – however not the Model 3 – as an alternative.

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