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Thread created in advance for the new Model Y compact SUV that will be shown for the first time tonight./
New Tesla Model Y: electric SUV to launch tonight
Compact SUV will prove crucial for firm in fight against increasing number of EV rivals
Tesla will unveil its crucial Model Y SUV tonight (14 March) – and the company is hoping lessons learned from the Model 3’s “production hell” can help it capitalise on the “massive” opportunity presented by its most important new model yet.
The SUV will be launched in California this evening, in an event that starts at 0300hrs GMT on Friday morning. Autocar will bring you all the news from the launch.
The Model Y is due to go on sale in late 2020, with the company recently finalising production plans for the new car. Boss Elon Musk has confirmed the imminent launch of the model, having given an 'estimate' of 15 March on Twitter last year. Musk said that detailed pricing and specs would be revealed at the event, along with demo rides in prototype machines.
The confirmation of the Model Y launch follows soon after Tesla's entry-level Standard Model 3 model went on sale, priced in the US at $35,000 (£26,000). The car features a 220-mile range, compared with 325 in the range-topping Long Range Model 3.
Musk said that, since the Model Y was around 10% bigger than the Model 3, it would cost about 10% more. If the Model Y is offered in a similar entry-level Standard model, that would suggest a starting price of around $38,500 (£29,000). That is before recent price rises for Tesla's range, barring the new $35,000 entry-level Model 3, were revealed.
Tesla sold more than 120,000 examples of its Model 3 last year, making it the world’s top-selling electric car. The Model 3 was also the best-selling saloon car in the US, although its sales were still dwarfed by those of pick-up trucks and SUVs. For comparison, Ford sold more than 900,000 of the F-Series truck and the Toyota RAV4 topped SUV charts with 427,170 sales.
The continued shift of the market from saloons to SUVs is why Musk says the Model Y presents “massive” growth opportunities for the firm. Tesla currently produces the Model X large SUV, but the high cost and complexity of that model limit its volume.
Musk recently told investors: “The demand for Model Y will be maybe 50% higher than Model 3; could be even double.”
The Model 3 has never suffered from a lack of demand: Tesla’s problems have been about supply, as it struggled to scale up production. It is currently producing around 1000 Model 3s a week and says it expects to be able to build 7000 a week on a sustained basis by the end of the year.
With that plant at overcapacity, the Model Y is set to be built at Tesla’s Gigafactory 1 site in Nevada, where it currently produces battery packs and electric motors. The firm has started tooling up the production line at the site with the aim to start volume production next year.
Ironically, the much publicised problems building the Model 3 could benefit the Model Y, as Tesla has demonstrated the ability to create a new production line far quicker than is standard in the car industry. Producing the car alongside its batteries and motors will also ease transport logistics.
https://www.autocar.co.uk/car-news/new-cars/new-tesla-model-y-electric-suv-launch-tonight
Teaser:

New Tesla Model Y: electric SUV to launch tonight
Compact SUV will prove crucial for firm in fight against increasing number of EV rivals
Tesla will unveil its crucial Model Y SUV tonight (14 March) – and the company is hoping lessons learned from the Model 3’s “production hell” can help it capitalise on the “massive” opportunity presented by its most important new model yet.
The SUV will be launched in California this evening, in an event that starts at 0300hrs GMT on Friday morning. Autocar will bring you all the news from the launch.
The Model Y is due to go on sale in late 2020, with the company recently finalising production plans for the new car. Boss Elon Musk has confirmed the imminent launch of the model, having given an 'estimate' of 15 March on Twitter last year. Musk said that detailed pricing and specs would be revealed at the event, along with demo rides in prototype machines.
The confirmation of the Model Y launch follows soon after Tesla's entry-level Standard Model 3 model went on sale, priced in the US at $35,000 (£26,000). The car features a 220-mile range, compared with 325 in the range-topping Long Range Model 3.
Musk said that, since the Model Y was around 10% bigger than the Model 3, it would cost about 10% more. If the Model Y is offered in a similar entry-level Standard model, that would suggest a starting price of around $38,500 (£29,000). That is before recent price rises for Tesla's range, barring the new $35,000 entry-level Model 3, were revealed.
Tesla sold more than 120,000 examples of its Model 3 last year, making it the world’s top-selling electric car. The Model 3 was also the best-selling saloon car in the US, although its sales were still dwarfed by those of pick-up trucks and SUVs. For comparison, Ford sold more than 900,000 of the F-Series truck and the Toyota RAV4 topped SUV charts with 427,170 sales.
The continued shift of the market from saloons to SUVs is why Musk says the Model Y presents “massive” growth opportunities for the firm. Tesla currently produces the Model X large SUV, but the high cost and complexity of that model limit its volume.
Musk recently told investors: “The demand for Model Y will be maybe 50% higher than Model 3; could be even double.”
The Model 3 has never suffered from a lack of demand: Tesla’s problems have been about supply, as it struggled to scale up production. It is currently producing around 1000 Model 3s a week and says it expects to be able to build 7000 a week on a sustained basis by the end of the year.
With that plant at overcapacity, the Model Y is set to be built at Tesla’s Gigafactory 1 site in Nevada, where it currently produces battery packs and electric motors. The firm has started tooling up the production line at the site with the aim to start volume production next year.
Ironically, the much publicised problems building the Model 3 could benefit the Model Y, as Tesla has demonstrated the ability to create a new production line far quicker than is standard in the car industry. Producing the car alongside its batteries and motors will also ease transport logistics.
https://www.autocar.co.uk/car-news/new-cars/new-tesla-model-y-electric-suv-launch-tonight
Teaser:











