Elon Musk Says Tesla Model Y is Coming to Market Sooner Than Expected
Elon Musk says the Model Y is coming to market faster than before, in part because the electric crossover will share many components with the recently released Model 3.
On an August 2 earnings call, Tesla CEO Elon Musk said efforts to bring the forthcoming Model Y electric crossover vehicle to market sooner rather than later are underway. Part of those efforts include building the Model Y on a similar architecture as the new Model 3.
“Upon the council of my executive team to reel me back from the cliffs of insanity, the Model Y will, in fact, be using substantial carry over from Model 3 in order to bring it to market faster,” Musk said, according to The Verge.
Musk may still ditch the 12-volt battery architecture used in other Teslas to reduce the wiring requirements and pare down the production process. The Model Y is also likely to share certain features with other models, such as the falcon-wing doors of the Model X. However, the single vehicle architecture shared with the Model 3 will mean more automation, a simplified process, and lower costs.
Tesla needs the Model Y to be produced more quickly and easily if it wants to meet its 1 million cars delivered by 2020 goal. Previously, Musk said the Model Y wouldn’t be in production until late 2019 or early 2020 — so this development indicates the cars could go into production sooner.
In Q2, Tesla delivered 22,026 Model S and Model X vehicles, bringing the 2017 total to 47,077 so far.