Last week, CEO Elon Musk introduced Tesla will start making ready for 2020 manufacturing of the mass market SUV. He expects work to start someday this yr, and he predicted the Model Y would change into Tesla’s finest promoting car.
“The demand for Model Y will be maybe 50% higher than Model 3, could be even double,” Musk advised traders on a convention name final week.
If his figures are appropriate, the Model Y can have an opportunity to change into the finest promoting SUV in the United States, a title at the moment held by the Toyota Rav four.
One of motive electrical autos have not taken off is as a result of most of them have been out there solely in sedan fashions, stated Michelle Krebs, senior analyst for AutoTrader. Electric autos nonetheless characterize simply over 1% of US new automotive gross sales.
“It really hasn’t been in a body style that people are buying,” she stated. “The only one out there now is the Model X. But that won’t be the case for long.”
Musk stated the car, with its distinctive falcon wing rear doorways and excessive windshield, proved troublesome to make.
“It’s an incredible vehicle,” he stated about the Model X. “Probably nothing like it will ever be made again, and maybe it shouldn’t.”
Musk has a historical past of over-promising and under-delivering on car manufacturing. Problems plagued its Model three sedan, the firm’s first mass market effort. It spent a lot of 2018 attempting to get Model three manufacturing working.
Model Y shall be constructed on the identical platform as the Model three and share greater than 75% of its components. That ought to maintain down the price and time to begin manufacturing, Musk stated.
But it might nonetheless be fairly an extended watch for the Model Y.
Given the competitors it is prone to face from different automakers, sluggish supply might be an issue for Tesla.
There is not lots of capability to spare for the Model Y at that plant.
But that may even require development of a complete new meeting line, whether or not its beneath one other tent or a inside one other constructing. Most auto vegetation constructed by different automakers take years from groundbreaking to manufacturing, though Tesla proved it might transfer quicker than that with its Model three tent line.