(Reuters) — Tesla will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon Musk said on Sunday.
“Model Y, being an SUV, is about 10 percent bigger than Model 3, so will cost about 10 percent more & have slightly less range for same battery,” Musk said in a tweet.
The Shanghai Gigafactory, based in eastern China, aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles.
Tesla earlier this week offered a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle maker.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
(Reporting by Rishika Chatterjee and Mekhla Raina in Bengaluru; Editing by Rashmi Aich)
