Tesla will unveil its upcoming Model Y crossover SUV on Thursday.
Car manufacturer's managing director, Elon Musk, has said that the vehicle will be about 10% more expensive than Tesla's Model 3 sedan, starting with $ 35,000 even though he has not indicated whether The 10% premium will apply to multiple trimmers or just the base model.
Read more: Tesla is revealing the Model Y. Here is everything we know about the vehicle so far.
Finance and automotive analysts have made predictions about the Model Y's price range prior to its disclosure. Here's what three have said:
- Goldman Sachs said in a note to investors Wednesday that it expects each model Y trim to cost about $ 5,000 more than the corresponding model 3 trim. If Model Y has as many trims as Model 3, they would start at the following prices, according to Goldman Sachs: $ 40,000, $ 42,000, $ 45,000, $ 48,000, $ 50,000, and $ 61
- Daniel Ives, CEO of Wedbush Securities, said in a Wednesday announcement that he expected the Model Y's price range to fall "in the big $ 30K to the $ 50K range."
- The market research firm JD Power said in a Wednesday report that it expects Model Y to cost between $ 45,000 and $ 85,000.
Model Y becomes Tesla's second SUV by Model X. Musk has said it will share about 75% of its parts with Model 3, while it is about 10% larger than Model 3. Internal Tesla documents reviewed by Business Insider said Model Y would have some features absent from Model 3, such as a third row of seats, an IP Riser and a center console pitch.
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