Tesla Model Y: Elon Musk reveals launch date for new model

Tesla will unveil a brand new electric utility vehicle later this month, Elon Musk has revealed. The Tesla CEO took to Twitter to announce the launch date of the Model Y, as well as new details about the vehicle. "Model Y unveil event on March 14 at LA Design Studio," he tweeted. "Model Y, being an SUV, is about 10 per cent bigger than Model 3, so will cost about 10 per cent more and have slightly less range for same battery... Detailed specs and pricing will be provided, as well as test rides in Y." Mr Musk had previously joked that the Model Y would be unveiled on 15 March because "the Ides of March sounded good", while Chinese media has speculated the event would take place at the Shanghai Auto Show in April. His posts generated thousands of replies from electric vehicle enthusiasts excited by the new product category, though Mr Musk suggested the launch event for the Tesla Truck later this year will be more groundbreaking.