![](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/03/1200/675/y.jpg?ve=1&tl=1)
(Getty Images)
The Tesla Model Y was revealed on Thursday night, marking the company's next step toward becoming a full-line automaker with its first entry in the popular small utility vehicle segment. CEO Elon Musk emceed the event at Tesla's design studio in Hawthorne, Calif.
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(Tesla)
The midsize SUV features seating for five to seven passengers and up to 300 miles of range in its $47,000 Long Range model. Looking all the world like a crossover version of the Model 3 that it's based on, it will eventually be offered in an array of models similar to the sedan's, from a $39,000 standard edition to a performance version that can accelerate to 60 mph in 3.5 seconds and costs $60,000.
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(Tesla)
The high-end models are scheduled to launch next fall, with the standard version following in the spring of 2021. Reservations are now being accepted for the Long Range Y and above with a $2,500 deposit.
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(Tesla)
Along with the powertrains, the Y features the same technology as the 3, including its multi-functional 15-inch display and the hardware needed to enable its evolving suite of active driver aids, which today can self-steer the vehicle on some roads and perform a variety of parking maneuvers.
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(Tesla)
With production planned for the U.S. and China, Tesla Musk predicted that the Model Y would soon outsell the rest of the company's cars combined.
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(Tesla)
This is a developing story, check back for updates