CEO Elon Musk will reveal the Model Y at the Tesla Design Studio in Hawthorne, Calif, shortly after 8 p.m. PT.
So far Tesla has not released key details about the Model Y, such as its price and battery range. Tesla has said it expects to produce the Model Y in high volume by the end of 2020.
The automaker said the Model Y will share most of its components with the Model 3. It's expected to be more affordable than Tesla's larger SUV, the Model X, which starts at $ 88,000.
This is a developing story.