Tesla’s Model Y will be based on Model 3 and will come sooner than we thought

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Tesla CEO Elon Musk has changed his mind about the company’s upcoming Model Y electric crossover.

During Tesla’s earnings call Wednesday, Musk said that the Model Y will be “using substantial carryover from Model 3, in order to bring it to market faster.” 

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This is in contrast to Musk’s comments from the first quarter earnings call in March, where he said that the Model Y production line would be “nothing close to anything.” Back then, Musk said that the Model Y would come in 2019 or 2020; it’s unclear how much this timeline has changed given the new information.  Read more…

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