Tesla releases first teaser image of Model Y crossover

Tesla has released the first teaser image of the Model Y compact crossover, which will be placed a slot lower than the Model X. The said image was released at the company's Annual Shareholder Meeting at the Computer History Museum in Mountain View, California.

Tesla's CEO and serial entrepreneur - Elon Musk confirmed that the Model Y will be built on an all-new platform. This is a departure from the company's earlier plans of using the Model 3's platform for the Model Y. The model is expected to be unveiled in 2019 or 2020.

The released teaser image doesn't give away any significant design details about the crossover. However, speculations suggest that the overall design will be inspired from the Model 3. Whether the Model Y will get the gullwing doors like the Model X is something that isn't known yet. However, it will continue to come with Tesla's autonomous driving functions.

Musk also indicated that Tesla might open a new production factory for the Model Y, as it expects the compact crossover to perform even better than the company's yet to be launched entry sedan - the Model 3.