Musk has promised investors to begin mass production Model Y next year

Mass production of electric crossover Tesla Model Y, on which the head of the American company Elon Musk first told back in 2015, will start by the end of 2020, according to a corporate letter sent to the company's shareholders at this week on Wednesday, reports TechCrunch portal. The letter also says that the company will begin the creation of a production line for a new electric car later this year. Earlier also it pointed out that unlike other models of Tesla, Model Y, most likely, will be collected on a huge megazavode company in Nevada.

Musk has promised investors to begin mass production Model Y next year

Musk himself is quite optimistic about the future of the Y Model, predicting a new model of higher sales compared with the Model 3. In addition, the company believes that the cost of producing the Y Model is significantly lower than that of Model 3, which is collected at the factory in the city Fremont (CA). This is explained by the fact that both models will be built on the same platform - Model Y will use up to 75 percent of the components used in the production of Model 3. The letter also indicated, and on expectations of faster growth in the production volume of the new electric car. Recall that Model 3 at the start of this a problem. Apparently, the company has taken into account all the mistakes and try to prevent this in the future. Production of the new Tesla electric crossover on megazavode company in Nevada will reduce operational risks, as well as the cost of logistics - will not have to spend money on transportation of parts from Nevada to California where he is going to Model 3, Musk notes in a letter to investors.

"This year should be really exciting for Tesla. Model 3 will be a global product, consistently positive should be profitability of our business is to make a new megazavod in Shanghai, and we will start preparing for the, production of Model Y "- the letter says.

Discuss news, visit our Telegram-chat.