Tesla Model Y Latest Updates
Tesla founder and CEO Elon Musk touted a driving range of up to 300 miles and a zero-to-60-mph time of as little as 3.5 seconds when he unveiled the Model Y during a live-streamed event in March.
Deutsche Bank arrived at its forecast after seeing information from Tesla suppliers in Taiwan describing an uptick in orders for parts that will be used for the Model Y. “Reports from suppliers of Model Y parts in Taiwan are claiming that Tesla is requesting that their orders be delivered much earlier than expected,” Emmanuel Rosner, Deutsche Bank’s senior autos and auto technology analyst, wrote in a piece quoted by CNBC.
During the quarterly earnings call, Musk stated that he’d driven some of the early production prototypes and that he came away believing that the Model Y will manage to outsell the S,3 and X combined. That’s a pretty wild statement too because that implies that Tesla will be able to produce Y in sufficient numbers to meet that demand.
The three Long Range versions of the Model Y will cost from $48,000 to $61,000 (excluding $1,200 for destination and handling) depending on powertrain option (RWD, AWD or Performance AWD). The Standard battery version, initially priced at $39,000, will be available in Spring 2021 at the earliest. It had previously been projecting to start production in the fall of 2020.
If Tesla could begin Model Y deliveries in the first quarter of 2020, that would be a full season ahead of CEO Elon Musk’s promised schedule. Early production and deliveries would be a symbolic win for the company, which has often failed to meet self-imposed delivery deadlines.
With these updates in mind, it appears that Tesla may be preparing to start Model Y production activities earlier than its already-updated timetable. When Elon Musk unveiled the crossover back in March, Tesla estimated that the vehicle will start deliveries from Fall 2020, with the base variant starting handovers in Spring 2021. This was a notably conservative timetable for Tesla, which is known for its overly-aggressive targets.