Cheers from a hangar-packed crowd of Tesla customers, employees and members of the media welcomed a blue Model Y as it rolled out onto a stage next to the automaker's other models.
🚥Model Y pricing starts at $39,000— Veronica Miracle (@ABC7Veronica) March 15, 2019
🚥Spacious enough to seat 7
🚥Top speed of 150 mph
🚥Designed to be safest mid-size SUV in the world pic.twitter.com/oQgeLfCSzj
"It has the functionality of an SUV, but it will ride like a sports car," CEO Elon Musk told the crowd. "This thing will be really tight on corners and we expect it will be the safest midsize SUV in the world by far."
The Model Y seats seven and has a panoramic glass roof and a 15-inch touchscreen interface for accessing all the car's controls.
The all-electric, mid-size SUV will start at $39,000 for the standard range version, which the company said can go 230 miles on a single charge and accelerates from 0 to 60 mph in less than four seconds. The long-range model, which starts at $47,000, has a range of up to 300 miles on a single charge - less range than the Model 3.
Musk predicted that the company will sell more Model Y SUVs than Model X and 3 combined. The Model Y is expected to be produced in 2020.
The Model Y comes 11 years after the company's first model, the Tesla Roadster.
The Associated Press contributed to this report.