Auto: Tesla Does A "Y"

Tesla CEO Elon Musk unveiled the company's latest electric car, a small SUV dubbedwrites.

Model Y, at a jam-packed event last night broadcast from Tesla's studio in Hawthorne, Calif., Axios' Joann Muller

• By the time Model Y goes on sale in fall 2020, it'll face competition. Ford trolled Tesla just before the event with a "hold your horses" tweet — a clear reference to its Mustang-inspired electric performance SUV coming in 2020.
• Model Y, which will seat up to seven, includes a panoramic glass roof.

With the battery under the floor and a low center of gravity, "it will look like an SUV but drive like a sports car," Musk said.

• 0-to-60 mph time: 3.5 seconds.
• The long-range, 300-mile version goes on sale in fall 2020, for about $47,000.
• The standard version, with a smaller battery, follows in 2021 at $39,000.