The Model Y has been obtainable for lower than a yr, however it’s about to get a giant manufacturing improve.
When the Model Y was first launched, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk mentioned the rear casting was two items, with an replace forward that might convey it down to 1 single piece.
This makes the automotive lighter, cheaper, quicker and simpler to construct.
This new press is up and working in Tesla’s Fremont manufacturing unit in California, in accordance with a press launch out of China summarized by Tesmanian.
Tesla China additionally introduced that the identical machine might be put in in Gigafactory Shanghai sooner or later for Model Y manufacturing.
The phase of Gigafactory Shanghai that will enable for Model Y manufacturing and supply is beneath development. Gigafactory Shanghai began Model three manufacturing and gross sales final yr.
Fintech Zoom’s Take: Tesla lately lowered the price on the Model Y, and this may be the explanation.
One other slight price lower is in fact doable; Tesla does have a tendency to cut back the price of automobiles over time.
The brand new rear casting is the primary of its sort on this planet, giving Tesla an enormous benefit when producing this crossover, which is America’s hottest automobile phase.
Photograph courtesy of Tesla.
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