Tesla CEO Elon Musk said on Wednesday that he had approved the prototype of the Model Y crossover SUV to go into production.

During the automaker's third-quarter earnings call, Musk said the Model Y would begin volume production in 2020.

Musk also said that among Tesla's upcoming vehicles, he is most excited about its pickup truck.

Tesla CEO Elon Musk said on Wednesday that he had approved the prototype of the Model Y crossover SUV to go into production and revealed which upcoming Tesla vehicle he's most excited about.

During the automaker's third-quarter earnings call, Musk said the Model Y would begin volume production in 2020. Citing a government filing, Reuters reported on Wednesday that Tesla would make the Model Y at its upcoming factory in Shanghai. Musk said in June at Tesla's annual shareholder meeting that the automaker would unveil the vehicle in March.

The Model Y is designed to be a crossover SUV that shares elements of the platform for Tesla's Model 3 sedan. During the automaker's first-quarter earnings call in May, Musk said the Model Y would transform Tesla's manufacturing process.

"I think Model Y is going to be a manufacturing revolution," Musk said on that call.

"It will be, I think, incredible from a manufacturing standpoint, because we do not want to go through this pain again," he added, alluding to the difficulties Tesla faced ramping up production for the Model 3.

Musk also said on Wednesday that among Tesla's upcoming vehicles, he is most excited about its pickup truck, which he has said Tesla will release after the Model Y.

In June, he said the pickup truck would include "crazy" torque, two motors, all-wheel drive, and a suspension able to adjust to the load the vehicle is hauling. He also said it would have 360-degree cameras, sonar, and the ability to parallel park on its own.

In addition to the pickup truck and the Model Y, Tesla is also planning to make a Semi big-rig and a new version of its Roadster sports car.

"I think we've got the most exciting product roadmap of any company on earth, by far," Musk said on Wednesday.

Have a Tesla news tip? Contact this reporter at mmatousek@businessinsider.com.

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