The event will be live streamed. Delivery of this baby SUV to buyers is expected to take a while, though. Or so says Tesla CEO Elon Musk in a recent tweet.
Tesla talked about a $35,000 Model 3 three years ago, but while it delivered its first Model 3s in the summer of 2017, the cheapest versions typically cost in the mid-$40,000.
"Detailed specs & pricing will be provided, as well as test rides in Y".
Tesla says that the Model Y will be about 10 percent larger than the Model 3 as well, and we'll guestimate around a 10 percent hit to efficiency.
The Model Y is about 10 percent larger than the Model 3. The heavier Model Y, however, will have less range because of its increased weight and size.
Tesla is teasing the Model Y with an image of its blacked out silhouette to promote Thursday's reveal. The Model Y will enter the fray at a time when crossovers are an incredibly hot segment of the entire global automotive market, and USA demand for the Model 3 compact sedan is starting to taper off. Compact SUVs are the largest vehicle segment and is 50 percent larger than the next-largest segment.
China's General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels.
If you registered for the live stream for the Model Y launch then you should have received your email from Tesla. According to statements made by Tesla, the crossover EV will share roughly 75 percent parts commonality with the Model 3. This should make production more efficient for Tesla and help keep costs down.