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Tesla Teases New Model Y Car As Cheaper Model 3 Nears Production

Tesla’s chief executive Elon Musk has given preview of its upcoming Model Y small SUV and a so far nameless electric truck, as it prepares to deliver its first cheaper Model 3 electric saloons.

During the company’s annual shareholders’ meeting, Musk released a teaser image of the Model Y, which will be available in the 2019-2020 time frame and follow on from its larger SUV, the Model X. Musk said the Model Y would use a new platform building on the improvements made to existing models.

One of the new models to benefit from improvements since the original release of the Model S in 2012 is the more affordable Model 3, Tesla’s attempt at mass-market electric car. The Model 3 is expected to cost from $35,000 in the US, putting it in the same bracket as the BMW 3 series.

Musk said that Model 3 production is on track to start next month, and that vehicles should be delivered to those first in line for the pre-orders soon after. Tesla is aiming to make 5,000 Model 3s per week by the end of this year and 10,000 per week in 2018. The company hasn’t said how many people have put down $1,000 refundable deposits for the Model 3, but Musk said people who put down a deposit now won’t get a car until the end of 2018, indicating it could be close to 500,000.

News Source: Guardian Motoring – Continue reading this article…

Tesla Teases New Model Y Car As Cheaper Model 3 Nears Production

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