Tesla

Tesla may present Model Y faster than expected

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At a conference summarising Tesla’s financial results in the fourth quarter of 2017, Elon Musk announced that the company would present its production plans for the next model within the next 3-6 months.

The Y model will be Tesla’s fourth electric passenger car. It will be a compact SUV and have a similar role to that of the Model X in relation to the Model S.

At the end of last year, however, Elon Musk said that the plans had been changed and that Model Y would be built on a completely new platform that would differ from previous solutions in every aspect. The vehicle was to be designed in such a way that it was possible to fully automate it’s production. For this purpose, it was planned to eliminate e. g. conventional cable routing.

However, today’s conference has shown that the company will return to its previous plans and build Model Y on the basis of Model 3, with investments in production starting at the end of this year, which means that a new model may emerge sooner than anyone expected.

In addition, Elon Musk reported that Tesla was planning to significantly improve the efficiency of the production line developed for Model 3, so that production of Model Y could reach up to one million units per year with less financial outlay.

The Y model will be a much smaller and cheaper version of the X Model, a car for people looking for a budget and compact SUV. After having passed through the “hell of production’ during the construction of a production line for Model 3, Tesla will have much more experience, which may lead to a real reduction in the final price. In addition, the cost of lithium-ion cells is steadily falling, so the Model Y can be even more successful.

Translated with www.DeepL.com/Translator

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