With the Tesla Model 3 more or less sorted out, the California EV maker is preparing phase next of its evolution with the midsized Model Y crossover.
It seems as though we won’t have to wait very long for the Model Y’s official reveal. Musk hinted a while back that mid-March of this year is when he plans on unveiling what will likely be an even more important, story-inducing, drama-packed electric vehicle from the often-times troubled tech company.
If we thought the Model 3 carried a large load on its shoulders, the demand for the Model Y, according to Musk, will outpace that of the 3’s by 50%, and possibly even 100%. We’d not be surprised given the old SUV trend. The big question will be pricing. Everyone’s thinking that the “Y” will turn into another fiasco with deliveries starting in a decade from now but because the “Y” shares 2/3 of its parts with the 3, volume production will be a thing by the end of 2020. We shall see…
We would hate to be in Musk’s shoes given the inevitable onslaught of competition from Porsche, Audi, Mercedes, VW and other large car manufacturers. Although Tesla’s touting the coming of the next Roadster, someone in-house must be planning on the next Model S and X if Tesla’s to have any real hope of outlasting the big players.
The final quarter of 2018 was good for Tesla as they posted a $139.48 million profit. The 3rd quarter was even better but while these results are still short of expectations, there’s wind in the company’s sails, or is that sales?