Elon Musk has teased Tesla’s next electric sport utility vehicle during the annual company shareholders meeting – the Model Y.
Though the teaser tells nothing about the Model Y, Musk clarified that it won’t be based on the Model S, but on a completely new platform which would be developed and built on improvements from existing models. “Tesla will get rid of the 12-volt battery architecture. It means no more lead-acid battery and a different way to power in-car electronics,” automotive news portal Electrek quoted Musk as saying last month.
He expects the new Model Y platform to be ready by late 2019 to 2020, and that it will reduce overall wiring and simplify production.
Tesla recently neared $60 billion market valuation and became the fourth largest automaker on the planet, overtaking BMW, and targets making 1 million units annually at its Gigafactories by 2020.
Adding this model to the range, it would appear that Elon Musk is looking to make electric cars S3XY…
Keep checking back on our blog for updates and the latest news on this upcoming model from Tesla.