Tesla (TSLA) CEO Musk Says Model Y Will be Compact SUV

August 1, 2016 12:28 PM EDT

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While Tesla (Nasdaq: TSLA) CEO Elon Musk revealed in the second part of his Master Plan that the company will be moving into the pickup truck and compact SUV segments, details have been vague.

Over the weekend, Musk posted to Twitter that the Model Y will be a compact SUV.

Musk also said that the company's naming convention might change following the launch of the Model Y:

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