Tesla sets March 14 'Model Y' unveiling


Musk tweeted on Sunday that the "Model Y," which had been discussed for several months, would be

unveiled at the company's design studio in Los Angeles.


The news comes shortly after Tesla unveiled its lowest-priced Model 3, an electric car designed for the masses, at a base price of $35,000, with deliveries promised within one month.

At that price, the Model 3 is less than half the cost of most Tesla on the road and may be eligible for tax incentives which could further lower ownership costs.

Musk said the Model Y would be bigger and somewhat more costly than the Model 3, although it was not immediately clear if he was referring to the lowest-priced versions.

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