During the firm's 2017 Annual Shareholder Meeting, the above teaser was shown, with CEO Elon Musk reportedly saying Tesla has decided to build the electric crossover on a new platform, rather than on the architecture that will underpin the Model 3.
According to Electrek, Musk said the Model Y is scheduled to go into production in "late-2019 to 2020", indicating the new medium SUV is at least two or three years away.
The teaser image doesn't give away much, though we can see that this version of the Model Y doesn't have exterior mirrors - though it's unclear what it will need to offer instead to meet design and safety regulations.
If market trends are any indication, the Model Y will likely become even more popular than the Model 3 (above) - which has been projected to be the brand's volume seller when it launches globally in the next 12-18 months - while the crossover's battery architecture will do away with the current 12V standard in order to phase out lead-acid batteries.
The move would also reduce the amount of wiring required, and simplify the production process - allowing for a different and more automated manufacturing line - with a new factory planned to accommodate the production of the new car, though 'Gigafactory 1' will likely produce the Model Y's battery packs.
Stay tuned to CarAdvice for more Tesla updates in the coming months.