Tesla Model Y Crossover to hit market in next few months says Deutsche Bank

Tesla is doing extremely well in the European market, but to take it to the next level on the Continent it needs the hottest format there, an SUV Crossover.

Tesla, of course, has exactly that on the way, the Tesla Model Y, and it appears the company is trying to bring the vehicle to market as fast as humanly possible.

Initially, the Tesla Model Y delivery date was set for Q3 2020, and we had earlier reported that Tesla “now expect to launch by summer 2020.“

Now analysts at Deutsche Bank report that they expect the first deliveries even before then, says CNBC.

They now expect the first deliveries to happen in Q1 2020, based on accelerated parts orders by suppliers. According to Taiwanese publication United Daily News:

“Recently, Tesla has been successively notified that it requires advance preparation for Model Y mass production, which is about six months earlier than the original schedule.”

Q1 2020 would, of course, be 6 months ahead of the original Tesla Model Y delivery date of Q3 2020 timeline. The rumour is corroborated somewhat by increased sightings in the wild of the Tesla Model Y.

Tesla is well known for missing headlines, but it seems for the Model Y this reputation is no longer an issue.

Tesla attributes the improvement due to lessons learned from building the Shanghai GigaFactory 3 in record time and say that it will cost 50% cheaper to develop the capacity to build Model Y cars at their Fremont factory than Model 3 cars. This should help keep the company profitable while they ramp up.

The Tesla Model Y will feature an optional 7 seats and a 300-mile range and should hit production in Fall 2020.

The Model Y is expected to be a popular car, and shared 70% of its parts with the model 3, but is expected to benefit from a number of advanced manufacturing technologies which should allow Tesla to address the mass market on the way to their million-car per year target.

Via Electrek