Tesla CEO Elon Musk has revealed plans for a compact crossover called the Model Y that will be based on the electric vehicle maker’s upcoming Model 3 sedan.
The Model Y is expected to be positioned below the new Model X crossover. Musk did not give a time frame for the vehicle, but it does not figure to arrive before the end of the decade — after the Model 3 debuts in late 2017 or 2018.
During Tesla’s earnings call last week, Musk said: “The priority vehicle development after the Model 3 would be the Model Y, the compact SUV, because that’s also a car that we expect to see demand in the 500k to 1 million unit per year level.”
Model Y (compact SUV) off Model 3 chassis. Tesla Bus/Minibus/Spacebus off Model X.
— Elon Musk (@elonmusk) July 31, 2016
When Musk laid out his second master plan for Tesla last month, he also cited plans to develop a minivan based on the Model X. Musk referred to that future model as a “Bus/Minibus/Spacebus” in a tweet.
