Tesla officially announced the latest member of its vehicle family Thursday, the Model Y, a crossover/compact SUV version of the Model 3 starting at $39,000. The Y is rather similar appearance-wise but sits a little higher, offering 66 cubic feet (1.9 cubic meters) of storage space and an optional third row for up to seven seats. Specs include 300 miles of range, expected 5-star rating, 0 to 60 in 3.5 seconds, and a 0.23 drag coefficient. The more expensive versions of Model Y with a bigger battery pack, dual motor, and higher performance are going to come first in Fall 2020. This one is likely going to use the same Long Range battery pack as Model 3 and it is getting a slightly shorter range due to the size. Instead of opening reservations with a $1,000 deposit like they did for the Model 3, Tesla already launched the Model Y online design studio and buyers can place an order with a $2,500 deposit.