Tesla’s most popular model is finally up for a redesign. Here’s what could change.
The Tesla Model Y could be getting a refresh.SOPA Images/Getty Images
A refresh could be coming for the Model Y in mid-2024.
Tesla is prepping its Shanghai factory for the refresh, Bloomberg reports.
More redesigns are a sign Tesla is growing up[1].
Tesla[2] may be ringing in 2024 with a new and improved Model Y[3].
Citing sources familiar with the matter, Bloomberg reports[4] that Tesla is preparing its Shanghai factory to start producing a refreshed Model Y in mid-2024.
This refresh will come with much more significant changes inside and out than a recent update in October, Bloomberg reports, but details on these changes are scarce. For clues on what this Model Y redesign might look like, look to the Model 3 redesign earlier this year.
For the European market, Tesla this summer gave the Model 3 a sportier look[5], with a sleeker front end and more luxurious interior highlighted by a new ambient lighting system across the dash.
The Model Y, a crossover that has gained significant popularity since it went on sale in 2020, gained even more mass appeal this year when Tesla quietly rolled out[6] a more affordable base model. It was one of the best EV deals on the market this summer, with a cost of around $36,490 (when factoring in a $7,500 federal tax credit).
Tesla is growing up
Heading into this year, Tesla CEO Elon Musk[7] faced pressure from investors to refresh the electric car company's aging lineup[8] — especially as more competition flooded the market.
Musk long resisted the industry norm to refresh designs every few years and instead rolled out entirely new cars like the Model 3[9] in 2017, the Model [10]Y in 2020, and the Cybertruck[11] last month.
But as the once-scrappy startup grows into something more closely resembling a regular car company[12], things Tesla never used to do — redesigns and discounts[13] — are becoming more commonplace at Musk's car company.
The normalcy is welcomed by many Tesla investors, some of whom continue to be frustrated[14] with Musk's public antics, particularly at his social media company X (formerly Twitter).
Are you in the market for a Model Y? What changes would you like to see in a redesign? Contact this reporter at [email protected]
Read the original article on Business Insider[15]
References
- ^ Tesla is growing up (www.businessinsider.com)
- ^ Tesla (www.businessinsider.com)
- ^ Model Y (www.businessinsider.com)
- ^ reports (www.bloomberg.com)
- ^ Model 3 a sportier look (www.businessinsider.com)
- ^ Tesla quietly rolled out (www.businessinsider.com)
- ^ Tesla CEO Elon Musk (www.businessinsider.com)
- ^ refresh the electric car company's aging lineup (www.businessinsider.com)
- ^ Model 3 (www.businessinsider.com)
- ^ Model (www.businessinsider.com)
- ^ Cybertruck (www.businessinsider.com)
- ^ a regular car company (www.businessinsider.com)
- ^ discounts (www.businessinsider.com)
- ^ whom continue to be frustrated (www.businessinsider.com)
- ^ Business Insider (www.businessinsider.com)