After 13 years Tesla Motors Inc is no more. Don’t worry, it’s just a name change, Elon Musk has decided to call the firm Tesla Inc, and it looks like there are some changes for the fledgling automaker afoot.
The much anticipated model 3 looks to be the thin end of the wedge for Tesla’s roll-out of EV’s that are set to compete across a broader demographic. In addition to a substantial price drop from the Model S, the platform that supports the model 3 will be used to produce a crossover SUV, dubbed the model Y.
Both of these new models will likely be priced around $40k usd, but the exact price for the Y is still floating around in the ether. The expected range for the model Y is also impressive, with a full charge range of well over 200 miles.
These cars are going to be a game changer for Tesla, but whether they will be able to produce them in commercial qualities is yet to be seen. Mr. Musk has affirmed the model 3 as the company’s priority. But the specs for the model Y are creating a buzz.
The model Y will feature the next generation Tesla electronic suite, which may include 3 different types of sensors to enable full auto drive. While it will be a rather expensive add-on at around $10k usd, the capability that the on-board supercomputer adds is impressive.
The only concern for Tesla is their supply chain, as these levels of production are new for them. Given their ability to execute the construction of the Gigafactory, I don’t think there is too much to worry about. Elon Musk has show that Tesla can produce game-changing EV’s and we are thrilled to see what their next generation of vehicles brings to market.