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Tesla’s Elon Musk unveils Model Y crossover, with $47,000 price tag

Tesla Inc. unveiled the highly anticipated Model Y crossover SUV on Thursday night, which Chief Executive Elon Musk predicted would sell better than the Model X and Model 3 combined.

Speaking to a crowd of fans at Tesla’s design center in Hawthorne, Calif., Musk touted the Model Y’s expected safety and performance, and said the crossover will have “the functionality of an SUV, but ride like a sports car.”

The long-range Model Y, with a battery range of about 300 miles, will be available first and have a starting price of $47,000. Production is expected to begin in late 2020. Musk said a cheaper, standard-range model will be available in spring 2021 for about $39,000.

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