At a quick Los Angeles event, Tesla announces the 300-mile-range Model Y

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  Front Shot of Model Y. [credit: Tesla ]

Tonight in Los Angeles, Tesla CEO Elon Musk showed off a prototype version of the Model Y, the fourth mass-produced vehicle that the electric car maker will bring to market. The vehicle, as expected, will be a larger, SUV-version of the Model 3, much like the Model X was the larger, SUV-version of the Model S.

Musk revealed very few details about the upcoming car, but a few key figures stuck out: the 300-mile, long-range version of the vehicle will go into production in Fall 2020 with an MSRP of $47,000. The 230-mile, standard version will cost $37,000 and go into production in Spring 2021, according to Musk. The Y will seat seven people with 66 cubic feet of storage space.

The vehicle will also have the option of a dual-motor all wheel drive option and a performance option, at an additional cost.