Well, the Tesla company had their shareholder meeting on Tuesday, and thankfully we managed to get something out of that, and it is a first “look” at the company’s Model Y compact SUV. As you can see from the teaser image we have here for you, it is Tesla’s next offering slated to come after the Model 3 heads into production next month.
During that Tuesday’s meeting, an important conference call took place in which Musk tried to explain that the Model Y is supposed to be manufactured in a “way that a car has never been built before.” With this he attempted to tell that the Model Y will have its own unique platform apart from the Model 3, that will come from a dedicated factory. He also noted that there is a big chance that the expenses revolving around Model Y could be a whole lot lower than those that impacted the Model 3, and according to him it could be lower by as much as a “factor of 2.”
If the teaser image is to be believed, then that cost cutting may come firstly from the lack of side mirrors production. It is a start, right? What is the next thing that will be kicked out? Thoughts? But let’s get back to topic. The Tesla CEO also stated (probably will not be similar as with the Model X to the Model S) that he expects the Model Y to outsell the Model 3 in the future, and he used the same opportunity to admit that the company made more than a one mistake in the roll-out of the Model X, and with this he included their attempt to build the SUV off of the sedan’s platform.
Here is a piece of that meeting in “full”:
Elon Musk: “I am really excited about Model Y. There’s been some criticism like we should sort of derive it from the Model 3 platform. But I think actually we made a mistake in trying to derive the Model X from the Model S platform.
It would’ve been better to just design an SUV the way an SUV should be designed. Design a sedan – the way a sedan should be designed. Otherwise, you’d just try to shoe horn something that doesn’t make sense. Also, there are a number of really major manufacturing improvements that can be done that allow us to build the car in a way that a car has never been built before.
…we are aiming for that to hit the roads in 2019 approximately. And probably the demand for Model Y will exceed the demand for Model 3.”