Tesla has confirmed that it will unveil the Model Y crossover on March 14. Elon Musk also revealed a few earlier details about the Model Y on Twitter as well.

Tesla Model Y teaser

For starters the Tesla Model Y will share its platform with the Model 3, but it will be about 10 percent larger and also cost 10 percent more. Since it will be a bit bigger than the Model 3, the Model Y will also have slightly less driving range.

Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery

— Elon Musk (@elonmusk)

Since the Model Y will cost about 10 percent more than the Model 3, we can expect it to start around $40,000 if it’s offered with the same battery pack as the standard Model 3. There have been rumors that the Model Y will be a three-row crossover, but we’ll have to wait until March 14 to find out.