Elon Musk, the Chief Executive Officer of Tesla, recently discussed the electric Semi-Truck and the Model Y at a meeting with shareholders of the company. The electric car making giant is preparing to deliver its first cheaper Model 3 electric car but the CEO has already started giving a preview of Tesla’s nameless electric truck, and the upcoming Model Y.
Musk releases teaser image of Model Y
The CEO of the EV maker released a teaser image of the upcoming electric car – the Model Y – during the annual shareholders’ meeting of the automaker. The Model Y will be available in the 2019-2020 timeframe and will be following on from the Model X – the larger SUV of the U.S.-based carmaker.
According to the SpaceX and Tesla CEO, the Model Y “would use a new platform building on the improvements made to existing models.” The cheaper and more affordable Model 3 is one of the new electric cars of Tesla Motors to benefit from improvements since the original launch of the Model S in 2012. Model 3 is the first attempt of the U.S.-based automaker at building mass-market electric cars. It is expected to cost from $35,000 in the United States, which puts it in the same bracket as the BMW 3 series.
The production of the Model 3 is on track to commence next month, said Elon Musk. He added that the electric cars should be delivered soon to people who are first in line for the pre-orders.
Tesla aims to make 5K Model 3s per week by 2017’s end
The U.S.-based automaker is aiming to make 10,000 Model 3s per week by the end of next year and 5,000 Model 3s per week by the end of this year. The EV maker has still not revealed just how many people have put down $1,000 refundable deposits for the Model 3 but according to Musk, people who have submitted the deposit recently would not get the car until the end of next year. This means that the preorders could be close to 500,000.
The automaker, which has been running since a decade and more years, has no experience when it comes to producing and selling cars in large volumes. Its rivals, like Toyota, GM, and Volkswagen are quite experienced in selling more than 10 million vehicles per year whereas the electric car making giant sold only 84,000 electric cars last year. The automaker will face servicing and charging troubles as well when the Model 3 is finally on the road in large volumes.
The automaker said that it would hike up the number of service centers and stores by 30% this year but it had only 250 service centers and stores across the world at the start of this year.