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Tesla just unveiled the Model Y, its new crossover SUV, starting at $39,000

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Tesla just unveiled the Model Y, its new crossover SUV, starting at $39,000

 
Old 03-15-2019, 08:35 AM
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69L46
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Default Tesla just unveiled the Model Y, its new crossover SUV, starting at $39,000

$2,500 deposit instead of $1.000, and 2021 delivery at announced $39,000 starting price.

Financial shell game or smart marketing move?


https://www.cnbc.com/2019/03/14/tesl...ease-date.html
--------------------------------------------------------------------------------------------------------------------------------------------------------------


  • Tesla debuted its Model Y prototype on Thursday at the company's design center in Hawthorne, California.
  • The Model Y could help Tesla tap into the growing crossover market.
  • Tesla is now allowing customers to order the Model Y online, requiring a refundable $2,500 payment, due today, to move their orders forward.


Tesla just introduced its latest electric vehicle, the Model Y, a crossover SUV that will cost from $39,000 to $60,000 depending on configuration.

The Model Y is about 10 percent bigger than the Model 3, seats seven, features a panoramic glass roof and 66 cubic feet of cargo space, Tesla CEO Elon Musk said, showing off a Model Y prototype at the Tesla Design Center in Hawthorne, California on Thursday night.

The company plans to produce four different versions of the new SUV including:






  • A standard-range Y, which gets up to 230 miles of range, has a top-speed of 120 miles per hour and costs $39,000 (to be delivered in the spring of 2021)
  • The long-range Model Y which gets up to 300 miles of range, has a top-speed of 130 miles per hour and costs $47,000 (to be delivered fall of 2020)
  • The dual-motor all wheel drive Model Y which gets up to 280 miles of range, has a top-speed of 135 miles per hour and costs $51,000 (to be delivered in the fall of 2020)
  • And the performance Model Y which gets up to 280 miles of range, has a top speed of 150 miles per hour and costs $60,000 (to be delivered in the fall of 2020)

Demand for sport utility vehicles in the United States has been high over the past few years. New models have flooded the market, looking to unseat best-sellers like the Toyota RAV 4, Nissan Rogue or Honda CR-V.

Tesla hasn't offered a new SUV to tap into that demand since it began producing its Model X vehicles in 2015. The X features falcon-wing doors, which delighted some drivers but repelled others. The Model Y ditches this feature.

According to Musk, however, the Model Y will share about 75 percent of its components with the company's Model 3 electric sedans, allowing Tesla to start manufacturing the new SUV for far less money that it spent to begin producing the Model 3.

Auto-makers typically share parts across new models, and sometimes build different models on shared assembly lines. This helps them control costs and get new vehicles to the market relatively quickly.
In the past, Tesla missed its part-sharing goals, production and sales targets.
Its Model X was supposed to share a majority of its parts with Tesla's Model S, but it only wound up sharing around 30 percent after Musk originally planned for 60 percent.

Pricing of the Model Y is a key consideration for investors. Bernstein senior technology research analyst Toni Sacconaghi wrote in a note ahead of the model's debut, "We'd expect the initial price to be around $55,000. This will be key to manage against cannibalization." He also said that, in the longer term, the Model Y could enjoy higher gross margins than Tesla's Model 3, a car that the company intended to offer for an accessible price, aiming to bring electric vehicles to the masses.

Tesla previously said it would most likely manufacture the Model Y at Gigafactory 1, its sprawling battery plant outside of Reno, Nevada. Musk did not confirm this plan at the unveiling event.

While Tesla has accepted $1,000 "pre-orders," or reservation payments, in the past, Musk did not mention any reservation plans for the Model Y. Customers can order the Model Y on Tesla's website already. Ordering requires a $2,500 payment, due today, to move an order forward.

The CEO spent the better part of the hour-long presentation recounting Tesla's achievements building factories, charging infrastructure and luxury electric vehicles while battling electric car opponents and skepticism. Fans in the audience heckled Musk as they would a stand-up comic, and he bantered with them about where to build a supercharger next, (Saskatchewan, and Kazakhstan were mentioned) and more.

"It's wild to think about, 11 years ago today we'd made literally one car. And a year from now we'll have made a million," Musk mused, echoing the content of a tweet that recently landed him in hot water with financial regulators.

While Musk did not give specific guidance as to the volume of Model Y SUVs the company planned to produce in 2020, he said, "We'll probably do more Model Ys than S, X and 3s combined."
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Old 03-15-2019, 08:38 AM
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He is probably using these desposits to subsidize the 35k model 3 until he can get battery costs down.
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Old 03-15-2019, 08:39 AM
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I am waiting for the new roadster because it kicks ***.
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Old 03-15-2019, 08:43 AM
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Originally Posted by PeterK View Post
I am waiting for the new roadster because it kicks ***.
Dumping the F car?

I'd love the roadster pending on where it lands price wise. ~$200k and I'm in.
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Old 03-15-2019, 08:49 AM
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Musk/Tesla's biggest problem is that Tesla hasn't had a heck of a lot of competition. That is about to change and the change will come from auto manufacturers that know how to set up efficient assembly lines. Tesla needs to move as quickly as possible to maintain market share; the companies past history suggests that availability of product and reality are often divergent concepts.
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Old 03-15-2019, 08:56 AM
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Originally Posted by NY09C6 View Post
He is probably using these desposits to subsidize the 35k model 3 until he can get battery costs down.
I think you're probably right. Semi Ponzi anyone?

Last edited by MagRedConv; 03-15-2019 at 08:57 AM.
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Old 03-15-2019, 09:46 AM
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It sounds like Tesla is countering Porsche's announcement from last month of offering and all electric Macan. The Macan is Porsche's mid sized SUV. It is their top selling vehicle accounting for 1/3 of Porsche's total sales.

Porsche's news came as a surprise to me. They said they are going to soon stop offering the Macan ICE. Instead in a year or two only a Macan battery powered SUV will be available for sale.
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Old 03-15-2019, 09:50 AM
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Ford was also hinting at the electric Mustang yesterday too:


Did Ford just tease an electric Mustang as Tesla debuts Model Y?


This space is getting crowded, quickly.
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Old 03-15-2019, 10:27 AM
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Originally Posted by 69L46 View Post
Ford was also hinting at the electric Mustang yesterday too:


Did Ford just tease an electric Mustang as Tesla debuts Model Y?


This space is getting crowded, quickly.
Having spent most of January and February in Cali, I saw an awful lot of cars using chargers and while the majority were probably Model S Teslas due to the number of folks in the area with lots of bucks, there were an awful lot of other makes being charged also.
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Old 03-15-2019, 10:53 AM
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No thanks... neat car though.
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Old 03-15-2019, 11:06 AM
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going to run out of the alphabet soon
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Old 03-15-2019, 11:07 AM
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Originally Posted by KarlK View Post
going to run out of the alphabet soon
He'll start over and add "2.0" after the letter.
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Old 03-15-2019, 11:11 AM
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Not S3XY enough for me, hope it succeeds though.
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Old 03-15-2019, 11:42 AM
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The "duck-face" on the all Tesla models is fugly.
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Old 03-15-2019, 11:44 AM
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Originally Posted by 69L46 View Post
$2,500 deposit instead of $1.000, and 2021 delivery at announced $39,000 starting price.

Financial shell game or smart marketing move?


https://www.cnbc.com/2019/03/14/tesl...ease-date.html
--------------------------------------------------------------------------------------------------------------------------------------------------------------


  • Tesla debuted its Model Y prototype on Thursday at the company's design center in Hawthorne, California.
  • The Model Y could help Tesla tap into the growing crossover market.
  • Tesla is now allowing customers to order the Model Y online, requiring a refundable $2,500 payment, due today, to move their orders forward.



Tesla just introduced its latest electric vehicle, the Model Y, a crossover SUV that will cost from $39,000 to $60,000 depending on configuration.

The Model Y is about 10 percent bigger than the Model 3, seats seven, features a panoramic glass roof and 66 cubic feet of cargo space, Tesla CEO Elon Musk said, showing off a Model Y prototype at the Tesla Design Center in Hawthorne, California on Thursday night.

The company plans to produce four different versions of the new SUV including:









  • A standard-range Y, which gets up to 230 miles of range, has a top-speed of 120 miles per hour and costs $39,000 (to be delivered in the spring of 2021)
  • The long-range Model Y which gets up to 300 miles of range, has a top-speed of 130 miles per hour and costs $47,000 (to be delivered fall of 2020)
  • The dual-motor all wheel drive Model Y which gets up to 280 miles of range, has a top-speed of 135 miles per hour and costs $51,000 (to be delivered in the fall of 2020)
  • And the performance Model Y which gets up to 280 miles of range, has a top speed of 150 miles per hour and costs $60,000 (to be delivered in the fall of 2020)

Demand for sport utility vehicles in the United States has been high over the past few years. New models have flooded the market, looking to unseat best-sellers like the Toyota RAV 4, Nissan Rogue or Honda CR-V.

Tesla hasn't offered a new SUV to tap into that demand since it began producing its Model X vehicles in 2015. The X features falcon-wing doors, which delighted some drivers but repelled others. The Model Y ditches this feature.

According to Musk, however, the Model Y will share about 75 percent of its components with the company's Model 3 electric sedans, allowing Tesla to start manufacturing the new SUV for far less money that it spent to begin producing the Model 3.

Auto-makers typically share parts across new models, and sometimes build different models on shared assembly lines. This helps them control costs and get new vehicles to the market relatively quickly.
In the past, Tesla missed its part-sharing goals, production and sales targets.
Its Model X was supposed to share a majority of its parts with Tesla's Model S, but it only wound up sharing around 30 percent after Musk originally planned for 60 percent.

Pricing of the Model Y is a key consideration for investors. Bernstein senior technology research analyst Toni Sacconaghi wrote in a note ahead of the model's debut, "We'd expect the initial price to be around $55,000. This will be key to manage against cannibalization." He also said that, in the longer term, the Model Y could enjoy higher gross margins than Tesla's Model 3, a car that the company intended to offer for an accessible price, aiming to bring electric vehicles to the masses.

Tesla previously said it would most likely manufacture the Model Y at Gigafactory 1, its sprawling battery plant outside of Reno, Nevada. Musk did not confirm this plan at the unveiling event.

While Tesla has accepted $1,000 "pre-orders," or reservation payments, in the past, Musk did not mention any reservation plans for the Model Y. Customers can order the Model Y on Tesla's website already. Ordering requires a $2,500 payment, due today, to move an order forward.

The CEO spent the better part of the hour-long presentation recounting Tesla's achievements building factories, charging infrastructure and luxury electric vehicles while battling electric car opponents and skepticism. Fans in the audience heckled Musk as they would a stand-up comic, and he bantered with them about where to build a supercharger next, (Saskatchewan, and Kazakhstan were mentioned) and more.

"It's wild to think about, 11 years ago today we'd made literally one car. And a year from now we'll have made a million," Musk mused, echoing the content of a tweet that recently landed him in hot water with financial regulators.

While Musk did not give specific guidance as to the volume of Model Y SUVs the company planned to produce in 2020, he said, "We'll probably do more Model Ys than S, X and 3s combined."
i vote shell game....
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Old 03-15-2019, 11:45 AM
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Originally Posted by snide View Post
The "duck-face" on the all Tesla models is fugly.
From another forum I frequent:

"Well the Model Y somehow managed to be even uglier than the Model 3. I didn't think that was possible. And they still clearly haven't hired someone to design the interior of their cars...slap an iPad on the center of the dashboard and call it a day..."
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Old 03-15-2019, 11:46 AM
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The photo in the link looks like a next-next generation bug. Give me the model S.
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Old 03-15-2019, 12:23 PM
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Is a 135 mph top speed really a selling point in a family runabout?
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Old 03-15-2019, 12:48 PM
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Originally Posted by NY09C6 View Post
He is probably using these desposits to subsidize the 35k model 3 until he can get battery costs down.
I think that's a safe bet. Whether truly subsidizing or not, they are in need of cash and taking deposits is a cheap way to bring some in. Although previewing the Y and taking deposits risks cannibalizing some of the Model 3 sales.
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Old 03-15-2019, 12:50 PM
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Originally Posted by Red99SS View Post
Is a 135 mph top speed really a selling point in a family runabout?
Of course. People pay for all kinds of performance they'll never use (for further reference see: Corvette).

In any case, forget the top speed, the acceleration is certainly something that impresses test drivers and owners.
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