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Bloomberg
The new Model Y crossover that Tesla Inc hopes will satisfy growing consumer preference for bigger vehicles didn’t make it over to the Shanghai auto show.
The car instead will be shown at an event in the US later this month, a spokeswoman said. Still, Tesla is showcasing two Model 3 cars, a Model X and a Model S at its booth.
Chief Executive Officer Elon Musk unveiled the Model Y last month even though Tesla won’t deliver the electric vehicles to customers for another year. A prototype of the mid-sized Model Y was roughly 10 percent bigger than the company’s best-selling Model 3 sedan.
Initially, three higher-end editions of the new vehicle will be available, with a standard version scheduled to arrive in spring 2021 for about $39,000. Tesla’s presence in China is critical as the country tries to capitalise on the world’s largest market for EVs. The company is building a factory in Shanghai, a city official said.