Tesla has announced its all-new electric car, the Tesla Model Y. It slips between the Model 3 and the Model X, offering a compact SUV-style design.

The Model Y will be able to seat 7 and will come in four versions: Standard Range, Long Range, Performance, and Dual Motor AWD. The Long Range version is priced at $47,000 and can go 300 miles on a single charge, while the Performance version costs $60,000 and can hit 0 to 60mph in just 3.5 seconds.

tesla_model_y_price_specs

The Standard Range Model Y will cost $39,000 and can travel 230 miles on one charge. Finally, the all-wheel-drive Dual Motor version will cost $51,000.

“It has the functionality of an SUV, but it will ride like a sports car,” Musk said at the launch event in Los Angeles. “So this thing will be really tight on corners.”

Design wise, the interior borrows heavily from the Model 3, including the panoramic glass roof and 15-inch central touchscreen control display, while offering 66 cubic feet of cargo room and, of course, Autopilot.

Head here to find out more about the new Model Y.