Tesla will unveil the Model Y next week

Enlarge / Tesla CEO Elon Musk. (credit: Yuriko Nakao/Bloomberg via Getty Images)

The Model Y, Tesla’s more affordable SUV based on the Model 3 platform, will be unveiled at a March 14 event in Los Angeles, Elon Musk announced on Twitter on Sunday.

After introducing the Model S in 2012, Tesla reworked the vehicle into an SUV form factor and sold it as the Model X starting in 2015. Tesla is taking the same basic approach with the Model Y: it will look a lot like a Model 3, but will have a larger body and roomier interior.

“Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery,” Musk tweeted.