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Elon Musk unveils Model Y, the new sibling in electric car line-up

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Tesla has recently launched Model Y, its latest car designed to hit the market in the electric vehicle category. Tesla showcased the beauty in an event in Los Angeles and it has been known that the company will set the price at $47,000 and $39,000 for the long-range and standard-range versions respectively.

The standard range version is hoped to hit the streets in 2021. Elon Musk, the chief executive said that the range of vehicles was a challenge for Tesla and he had to go through a lot to settle the production and legal issues.

The expensive version of Model Y is believed to run 300 miles after one full charge and deliveries are expected to begin in the next year. While 230 miles per charge is what is believed the standard one will run.

Sources confirm that over 400,000 enthusiasts have signed up for the vehicle. However, prices may go through revisions due to certain issues in production.

The Model Y is claimed to be 10% bigger than its predecessor Model 3, which runs for 220 miles after one full charge and is capable of reaching 130 mph top speed with an acceleration of 0-60 mph in less than 6 seconds.

One of the basic versions of the Model Y is launched at a price of $35,000 while Model X will have a starting price of $79,500.

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