Tesla Inc. will unveil its new Model Y electric crossover SUV on March 14.
“Model Y unveil event on March 14 at LA Design Studio,” Chief Executive Elon Musk tweeted Sunday.
Model Y unveil event on March 14 at LA Design Studio
— Elon Musk (@elonmusk) March 3, 2019
Last month, Tesla TSLA, -7.84% said the Model Y will share about 75% of its components with the Model 3, and it expects Model Y production to scale up “significantly faster” than the Model 3. Tesla said that will help reduce the Model Y’s price.
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Tesla did not immediately comment Sunday when asked for more details about the Model Y.
In a separate tweet Sunday, Musk said a new version of Tesla’s Supercharger stations will be unveiled to the public this week.
First public Tesla V3.0 Supercharger Station goes live Wed 8pm
— Elon Musk (@elonmusk) March 3, 2019
Tesla shares are down more than 11% this year, and down about 12% over the past 12 months, compared to the S&P 500’s SPX, +0.69% gains of nearly 12% and 4.1%, respectively, over those spans.
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