[ad_1]
The Y Tesla Model – The SUV Electric Vehicle That CEO Elon Musk is making fun of 2015 and talking about it since the beginning of volume production by the end of 2020, announced Wednesday the company in a letter to the shareholders.
The automaker, who has not yet shown a prototype of the vehicle, has announced that it will begin to tool model Y this year. And unlike other Tesla electric vehicles, the Y model will likely be produced in the company's huge "gigafactory" in Nevada, Musk said in a profit call.
Musk has adopted a bullish tone for the Y model, anticipating that the volume of sales of the vehicle will be higher than that of its new model 3.
Tesla also anticipates that the cost of the Model Y production line will be significantly lower than that of California's Fremont Model 3 because it will be built on the same platform and will share approximately 75% of its components with Model 3 .
The Y model's production ramp should also be faster, according to the company's forecast.
Producing the Y model at the gigafactory should reduce the risk of execution as well as the costs of moving parts from Nevada to California, where Model 3 is badembled, said Musk.
"This year should be really exciting for Tesla," said the company in its letter to shareholders. "Model 3 will become a global product, the profitability of our business should become permanently positive, our new Gigafactory Shanghai should start producing cars and we will start to equip Y model production."
Source link
