Tesla's first compact SUV: Elon Musk unveils the Model Y that has seven seats, a panoramic glass roof, and prices starting at $47,000 that will launch in 2020 as he promises it will 'ride like a sports car' Musk unveiled the Model Y after a rambling 30 minute presentation on Thursday night. The billionaire CEO said there will be four versions of the car available with prices going up to $60,000. The standard range Model Y will have the lowest price tag at $39,000 but won't be available until spring 2021. Musk said he expects the Model Y to be 'safest midsize SUV in the world by far'. .