Tesla Reveals Model Y ‘Baby SUV’ Tonight

Tesla unveiled its highly anticipated Model Y compact sport-utility vehicle set to release in fall 2020

Here's where to watch Tesla's live announcement: the live stream will be available on Tesla's website, either directly on the main page, or through the Events & Presentations section on the Investor Relations page. It is a product that Tesla founder Elon Musk first flagged back in 2015.

Big excitement is brewing at Tesla's Design Studio in Hawthorne, California, tonight, March 14, 2019, as CEO Elon Musk will reveal the much-anticipated Model Y crossover SUV via a livestream scheduled to start at 8 p.m Pacific/11 p.m. Eastern.

First, let's talk about the name: Model Y. The names of Tesla's EV family were deliberate, and the Model 3 was initially supposed to be called the Model E. However, the threat of a lawsuit from Ford forced Tesla to change the name from Model E to Model 3. Test rides of the Model Y are also in store.

A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, Calif., on June 22, 2018.

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The video posted on the social media network shows the Model Y under a vehicle cover, revealing the car's silhouette.

The Model Y is about 10 percent larger than the Model 3. As is typical of Tesla models, the Model Y will be sold in a number of guises with different electric motor configurations and various sizes of battery packs.

Teased image of Model Y from Tesla Photo: Tesla Inc. The Models S and X share just 30 percent of their parts.

This set-up should help the Model Y make it into production quicker and cost less to develop. Tesla said it hopes to build 2,000 Model Ys per week by September 2020.

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