The company broke ground on the Shanghai factory in January and its CEO Elon Musk has said the firm aims to finish initial construction this summer and start production of the Model 3 towards the end of the year.
First, let's talk about the name: Model Y. The names of Tesla's EV family were deliberate, and the Model 3 was initially supposed to be called the Model E. However, the threat of a lawsuit from Ford forced Tesla to change the name from Model E to Model 3. He also says it will have slightly less range from the same battery pack as the Model 3, which is rated for 220 miles with a full charge in the least-expensive Standard Range and 325 in the Long Range version.
If you registered for the live stream for the Model Y launch then you should have received your email from Tesla. Tesla will announce the Model Y's features plus pricing, as well as offering test drives for those in attendance.
Tesla unveils new Model Y compact SUV set to release in fall 2020
With hours to go until the Tesla Model Y is given its formal debut, the electric auto maker has teased its second crossover on Twitter.
Tesla says that the Model Y will be about 10 percent larger than the Model 3 as well, and we'll guestimate around a 10 percent hit to efficiency.
Tesla has previously revealed only shaded computer renderings of the Model Y.
Teased image of Model Y from Tesla Photo: Tesla Inc. It is expected to share many design cues with the Model 3 sedan, though.
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