Tesla’s Model Y crossover is ready for production, Elon Musk says

Model Y’s final prototype was recently approved last Wednesday
Tesla CEO Elon Musk said Wednesday that he recently approved the final prototype of the Model Y, signaling that the forthcoming all-electric crossover SUV is far enough along in development to go into production. Approval aside, though, he said full volume production still isn’t slated to happen until 2020, which has been the target for a while now.
Following news of the company’s first profitable quarter in two years, in an unusually subdued call with investors and analysts, Musk said “We’ve made significant progress on the Model Y.”. The CEO has previously teased a March 2019 reveal of the SUV.
Musk did not offer any detail on the Model Y. However, one reason for the delay is that Tesla has no place to build it yet. The company’s factory in Fremont, California is already at its limits to the point that a giant tent had to be made at the parking lot earlier this year to meet Model 3 sedan’s demand.

Currently, Tesla occupies only 30% of its Gigafactory located in Nevada, so there’s more room there but that would cost Tesla time and money to device the facility for vehicle assembly and production. Presently, Tesla’s company at the said location only makes batteries for all its cars and energy products, including drivetrains for the Model 3.
In the government in Shanghai are documents filed that shows Tesla plans to make two various cars at the planned Gigafactory there. Surely, one of which would be Model 3 (which Musk hopes to have in production by the year 2019). The other car would be Model Y. It will be a challenge to build a factory from scratch and putting two various cars in production.
Model Y represents a huge opportunity for Tesla regardless of the place where it will be built. Model 3 even had a record-setting success despite initial struggles with production. It has become one of the highest-selling cars in the country of the United States. The sales helped the company bring in its biggest quarterly revenue and profit ever.
With the success of Model 3 as a smaller and more affordable SUV, with the lessons they have learned from the mistakes they have encountered along the way, we could all wait for another boom from Tesla. Musk, himself, said that he is personally excited about the upcoming Tesla pickup truck, an idea he has mentioned in the past years.
I think that’s going to be some next level stuff there,” Musk said referring to the truck. Musk added, “I think we’ve got the most exciting product roadmap of any company on Earth by far.”

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