Before Tesla's big model to reveal an event Thursday night (March 14th) in Los Angeles, CEO Elon Musk was annoyed by the latest addition to his new model, another SUV.
Tesla already has a premium SUV Model X. The new car is likely to be more compact than the premium version, and closer to the price of the Model 3 sedan, whose price was recently reduced to $ 35,000 for the most basic variations. In order to reduce costs and ease the increase in production, Y will share 75% of the Model 3 parts.
Tesla's new accent on accessibility comes when we are looking to push the world's 3 model, with supplies beginning last month in Europe and China ̵
Model S and Model X of Tesla have starting prices of over 700,000 yuan ($ 115,000) in China, which is significantly higher than the price elsewhere. Even Model 3 costs between $ 60,000 and $ 77,000 (in Chinese) after the last cuts. Tesla has already begun building the Gigafactory in Shanghai, which will focus on producing Model 3 and Y for local sales, but it is not expected to be produced on a scale by the end of 2020. SUVs from around 80 paywall manufacturers in China
Autohome, a website tracking car prices and models in China, shows that there are currently 48 Chinese SUVs on the Chinese market. Although it is still too early to make a direct comparison, given the limited Y model details, some of these models could compete with Model Y if they offer similar features to Model 3, said analyst Angus Chan. Shanghai for Bocom International
China has at least 16 models (in Chinese) in the compact SUV category. But while Model Y could start at about 450,000 yuan ($ 67,000), with a range of just under 325 miles (523 kilometers) from Model 3, its likely competitors, the leading Chinese electronics manufacturers, have offers that cost less than half.