Tesla wanted to design such a crossover to eliminate some of the headaches that the company needs to address when making its predecessor.
Musk said he may be exchanging details of the Model Y crossover at another earnings call later in the year, Tesla Wednesday on the fourth quarter of 2017 and full year earnings.
Model Y will be Tesla's first crossover, which will grow faster in the U.S. passenger car market than any other model Tesla currently produces a sports utility vehicle (SUV) Model X and two other sedans.
Now that Americans are shifting their focus from traditional cars to SUVs and trucks, Tesla has been struggling to increase the output of earlier models.
The company said it will achieve a key production goal on Model 3, which has been delayed several times before. Model 3 is a cheaper electric car starting at $ 35,000.
The company also postponed the production of its Model X SUV, with its dazzling but sophisticated features such as Falcon doors.