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Tesla’s Elon Musk unveils Model Y crossover SUV

Elon Musk and Model Y
Tesla CEO Elon Musk checks out the newly unveiled Model Y. (Tesla via YouTube)

Tesla CEO Elon Musk finished spelling out an all-electric acronym by lifting the veil on the Model Y, a crossover SUV that’s due to hit the market in the fall of 2020.

“We are bringing ‘sexy’ back, quite literally,” he told hundreds of Tesla fans who gathered for the Hollywood-style unveiling at Tesla’s design studio in Hawthorne, Calif.

Musk didn’t quite literally lift a veil to reveal the new model. Instead, he built up the suspense by giving an “extended history lesson” about Tesla’s decade-long history of vehicle production, starting with the Tesla Roadster and moving on to the Model S, Model X, Model 3, the Semi truck and the remade Roadster.

Along the way, Musk explained the ins and outs of his naming convention, including the fact that he couldn’t use the name “Model E” because Ford had it trademarked.

“Ford killed SEX,” Musk joked.

As he described the vehicles, each model was driven into the spotlight. Finally it was the Model Y’s turn. Cheers and whoops went up from the crowd as a shiny blue car pulled into its place alongside the Model S, 3, X. Y completed the acronym.

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Tesla places future bets of Model Y — and China

Model Y
Tesla has teased the design of its Model Y car, but the big reveal is still ahead. (Tesla Image)

As big as the Model 3 electric car is for the future of Tesla, the sport utility vehicle known as the Model Y could be bigger, according to CEO Elon Musk.

“I would expect that the demand for the Model Y would be … maybe 50 percent higher than Model 3?” Musk said today during a teleconference reviewing the company’s fourth-quarter financial results. “Could be even double.”

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