The Model Y is an SUV and is expected to share many of the same underpinnings as its lower-cost sedan, the Model 3.
Musk and Tesla will each pay US$20 million to resolve the SEC case.
Under rocket mobility seats will allow engineers to work comfortably under the belly of rockets.
CEO Elon Musk says the space technology company is developing a crew version of its Dragon cargo capsule for NASA astronauts.
CEO Musk said the company will meet its goal of making 10,000 Model 3s per week by next year.
Billionaire entrepreneur says New York to Washington tunnel could break ground by the end of this year.
Automaker plans to ramp up production slowly, with just 100 cars to be producer in August and more than 1,500 in September.
CEO Musk says the new car has passed all regulatory requirements for production to begin two weeks early.
Economists say the agreement would likely create about as many jobs in renewable energy as it might cost in polluting industries.
Toronto startup will manufacture high-speed pods and establish a consortium to build tube infrastructure.
The same rocket landed on an ocean platform almost exactly a year ago after a space station launch for NASA.
Dragon supply ship was less than a mile from the orbiting outpost when a problem cropped up in the GPS system.
CEO Musk said the company will produce 5,000 Model 3 vehicles per week when production goes into full swing.
Electric car maker expects to add more than 1,000 engineering and technician jobs in Germany over the next two years.
The rocket manufacturer has already has begun work on the Mars Colonial fleet, test-firing a new rocket engine named Raptor.