Elon Musk simply unveiled Tesla’s latest automotive, the Mannequin Y SUV (TSLA)

Tesla unveiled on Thursday its newest automobile, the Mannequin Y crossover SUV, at its design studio in Hawthorne, California. The Mannequin Y is Tesla's second SUV, after the Mannequin X. The automobile may have a spread of 300 miles per cost and the power to speed up from Zero-60 mph in three.5 seconds, CEO Elon Musk stated.  The automobile will be capable of seat seven individuals, Musk stated Musk stated the automobile's long-range model will begin at $47,000, whereas its standard-range model will begin at $39,000. Tesla unveiled on Thursday its newest automobile, the Mannequin Y crossover SUV, at its design studio in Hawthorne, California. The Mannequin Y is Tesla's second SUV, after the Mannequin X. The automobile may have a spread of 300 miles per cost and the power to speed up from Zero-60 mph in three.5 seconds, CEO Elon Musk stated. The automobile will be capable of seat seven individuals, Musk stated. Tesla started permitting prospects to order the automobile for a $2,500 deposit after Thursday's occasion. Three trims can be found to order: a long-range, rear-wheel-drive trim that begins at $47,000; a long-range, all-wheel-drive trim that begins at $51,000; and an all-wheel-drive efficiency trim that begins at $60,000. Musk stated a standard-range trim would arrive in 2021 and begin at $39,000. The Mannequin Y's unveiling comes at a time when the corporate is going through mounting monetary strain and, in keeping with some analysts, a requirement drawback. In late February, Tesla introduced it was closing most of its shops and shifting to an internet gross sales mannequin. On the time, the corporate stated the transfer would allow it to slash the costs for all of its automobiles by a number of p.c and roll out the long-promised $35,000 Mannequin three ahead of anticipated. A few week later, although, Tesla backtracked and stated that it will really hold extra shops open and improve the value of its automobiles again to their earlier quantity. These strikes sign the corporate could also be going through some vital headwinds, in keeping with Goldman Sachs analysts.  "Within the US, we expect the quantity of data factors to declines in demand for Tesla’s larger priced automobile variants following the beginning of the phase-out of the Federal Tax credit score; and we consider strikes by the corporate to proceed to enhance its value construction to be able to ship decrease priced automobiles and faucet remaining client demand corroborate this," Goldman Sachs stated to purchasers in a notice earlier this week. What’s extra, Goldman analysts stated there's additionally the concern that the reveal of the Mannequin Y may put additional strain on the Mannequin three gross sales as a result of individuals might decide to attend to buy the SUV as a substitute of choosing the lower-cost sedan.  Learn extra: Tesla is elevating the costs on automobiles that it marked down lower than 2 weeks in the past This can be a creating story. Verify again for updates. SEE ALSO: Uber will formally launch its $120 billion IPO in April Be part of the dialog about this story » NOW WATCH: Why Tesla's Mannequin X was the primary SUV to obtain an ideal crash-test ranking