Tesla’s mid-size electric SUV, the Model Y, was presented Thursday night in Hawthorne, California. The mass-market car will have a base price of $39,000 and a 230-mile battery range.

According to the company’s CEO and founder, Elon Musk, the new SUV will have 66 cubic feet of cargo space, comparable to a Jeep Grand Cherokee. It will have the functionality of an SUV, but will ride like a sports car, Musk said.

Customers will have to wait until at least 2021 to own one of the five-seat SUVs.

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