The Tesla Model Y is said to be unveiled tonight for the first time. Ahead of that, though, J.D. Power “estimates a starting price of $45,000 before tax rebates, rising to $85,000.” That would price the Model Y around the same as what the BMW iX3 will cost, realistically. While that $45,000 price tag might actually undercut the iX3 when it eventually debuts, good luck getting one for that price. The Model 3 has been out for over a year now and its base models are just going on sale now.

This new Tesla Model Y will be a mid-size all-electric crossover designed to slot underneath the Model X. Hopefully, along with its shrunken size, it gets a new design language from its larger, older sibling, as the Model X is up there with the Pontiac Aztek with the worst looking SUVs of all time.

At the moment, there’s no word on battery size, power or range. Though, expect similar numbers to the Tesla Model 3. We’d guesstimate that anywhere between 250-300 miles of range for the launch model, with both a smaller and larger battery model to come later. Power and performance should be around the Model 3 as well, we expect. Though, we don’t know for sure.

When this new Tesla Model Y debuts, it will be yet another electric SUV to beat BMW to the punch. The Jaguar I-Pace and Audi e-tron are both already on sale and both are excellent vehicles. So it will be interesting to see what the new Tesla brings to the conversation and how BMW is going to respond to not one but three EV SUVs in the iX3’s segment before it’s even been released. Talk about an uphill battle.

By the way, in case you were wondering, Tesla now has the Model S, 3, X and Y. That’s not an accident, folks.

[Source: InsideEVs]