Tesla Motors has finally decided to build the Model Y at its Fremont facility in California, instead of producing it at the other Gigafactory in Nevada. The new crossover, which was unveiled earlier this year in March, will be delivered as early as September 2020.

The company issued a statement, stating that preparations for Model Y production in Fremont is on track to meet the initial deadlines set for 2020. The “significant overlap of components between Model 3 and Model Y” also allowed the company to leverage on existing manufacturing designs for the Model Y.

“Additionally, we are making progress managing Model Y cost with only a minimal cost premium expected over Model 3. Due to the large market size for SUVs, as well as higher ASPs, we believe Model Y will be a more profitable product than the Model 3,” the statement reads.

To recap, the Model Y (available as a seven-seater) is built on the same platform as the Model 3 and shares about 75% of its components (which explains the similar front face). In fact, the interior is identical to the Model 3, complete with a 15-inch touchscreen infotainment display in the centre. There’s also a panoramic glass roof and a high seating position, the latter due to the positioning of the battery pack.

For powertrains, a one-motor, rear-wheel drive or two-motor AWD configurations can be specified. The Standard Range variant (one motor), for example, offers a 0-96 km/h (0-60 mph) sprint time of 5.9 seconds, 193 km/h top speed and 370 km of EPA-estimated range. The Long Range RWD variant does the same in 5.5 seconds, maxes out at 209 km/h and delivers 483 km of range.

With the Dual Motor All-Wheel Drive variant, acceleration is quicker at 4.8 seconds, and top speed is rated at 217 km/h. However, range is a tad shorter at 450 km. Lastly, the top-rung variant is the Performance AWD variant, which completes the sprint in 3.5 seconds, hit 241 km/h and provide 450 km of range. The Model Y is said to be fully compatible with the company’s 250-kW V3 Superchargers.