Electric car manufacturing company Tesla has officially launched the Model Y at an event in Las Vegas  tonight and it came with no big surprises but definitely delivered on specs in the higher end of our expectations.

Tesla’s controversial CEO Elon Musk told the crowd. “This thing will be really tight on corners and we expect it will be the safest midsize SUV in the world by far.”

The Model Y seats seven and has a panoramic glass roof and a 15-inch (38-centimetre) touchscreen interface for accessing all the car’s controls.

The comfortable suv promises to be very comfortable which will start at $39,000 for the standard range version, which the company said can go 230 miles (370 kilometres) on a single charge. The long-range model, which starts at $47,000, has a range of up to 300 miles (483 kilometres) on a single charge – less range than the Model 3.

The Model Y may be Tesla’s most important product yet as it attempts to expand into the mainstream and generate enough cash to repay massive debts that threaten to topple the Palo Alto, California, company.

Musk describes the Model Y as part of a broader plan to reach the mass market alongside the Model 3 and Pickup Truck, has regularly hinted at a launch around March time.