Tesla CEO Elon Musk rolled out the upstart automaker’s latest vehicle, the Model Y, late Thursday.
Tesla CEO Elon Musk walks beside the new Tesla Model Y at its unveiling in Hawthorne, California, on Thursday night.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Eleven years after founding a battery-electric car company few expected to succeed,
Prices will range from $39,000 for the base car to $60,000 for the high performance Model Y. Those prices are before options and like other Tesla products will no longer qualify for federal tax incentives; Musk made a point of comparing the Model Y to the bigger Model X sport-utility vehicle. But the new entry doesn’t feature the unusual “falcon wing” doors found on the early SUV, which have been a technical nightmare for Tesla. They forced the automaker to fire the original door supplier and then caused much of the nearly two-year delay in bringing the Model X to market.
Manufacturing, he said Thursday night, is “insanely difficult. It’s 100 times harder to design the manufacturing system than the car itself.” The SEC says the tweet violated terms of a settlement Musk agreed to last year in a case centered around his claims that Tesla was going private, backed by a sovereign Saudi Arabian fund. But for its part, Musk's lawyers contend the agency simply wants to limit his First Amendment rights. If a federal judge rules against Musk, the potential penalties could include his removal as Tesla CEO.
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