No, Model X will remain as the larger and more expensive SUV. Model Y will be smaller, less expensive and compete in the "luxury crossover" segment (Mercedes GLA, BMW X3 etc)

Ah, I see. The crossover market is huge in Asia so that should go well for them...

It's huge everywhere; a relatively smooth roll-out of the Y would be enormous for Tesla.

No, but generally speaking the Model Y is to the Model X what the Model 3 is to the Model S.

To be more specific: the X is build on the S platform; the Y is built on the 3 platform.

No, model Y is built on the same frame as model x. It'll be a suv.

Sorry. meant model 3.

This is incorrect. It's a crossover built on the Model 3 platform. It's basically a Model 3 but slightly taller and with a hatchback.

*Same frame as model 3

Modern cars don’t have frames. They are unibody.