The fifth Tesla EV-after the original Roadster, the Model S, the Model X, and the Model 3-will share its wheelbase, chassis, and powertrain options with the brand's current smallest model, the Model 3 sedan.
The event at the electric auto company's Los Angeles design studio will give the public a first look at the vehicle, a hybrid between a auto and an SUV.
Here's where to watch Tesla's live announcement: the live stream will be available on Tesla's website, either directly on the main page, or through the Events & Presentations section on the Investor Relations page.
Teased image of Model Y from Tesla
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.
The Tesla Model Y will be based on the Model 3.
Musk also said the Model Y will be powered by the same battery as the Model 3.
With hours to go until the Tesla Model Y is given its formal debut, the electric vehicle maker has teased its second crossover on Twitter. This should make production more efficient for Tesla and help keep costs down.
Tesla is teasing the Model Y with an image of its blacked out silhouette to promote Thursday's reveal. Tesla said it hopes to build 2,000 Model Ys per week by September 2020.More news: Toyota bringing 450 new jobs to Huntsville engine manufacturing plant
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