What’s Next For Tesla After Model 3 And Model Y?

What’s Next For Tesla After Model 3 And Model Y?

Tesla has stuck by its “secret master plan” published nearly 10 years ago. First, it released the low-volume Roadster, followed by the higher-volume Model S sedan and its Model X crossover utility vehicle. All of them were launched at luxury price levels.

What’s next after Model Y?

Before 2017 comes to an end, it will put its Model 3 sedan, with 200 miles of range and a starting price of $35,000, into production. It is already known that the Model Y will be the next Tesla vehicle, as CEO Elon Musk has said this in his many tweets. The price of the Model Y will be less than that of Model X, which sports falcon doors, reports Green Car Reports.

Over the years, there have been several leaks (including Musk’s occasional mentions of an all-electric pickup truck) about various plans for Tesla vehicles. Now Green Car Reports conducted a survey asking its Twitter followers: “What should #Tesla’s next vehicle be after the Model 3 sedan + Model Y SUV?”

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About 50% of the respondents felt that a pickup truck held the most promise.

One of the users even commented, “A pickup truck will cover the most market share and have the biggest impact on emissions.”

The next most popular choice was a Model 3 hatchback, with 27% votes, while a Model 3 convertible won just 11% votes.

According to GCR, reader John Bysinger suggested “none of the above,” an option not there in the poll. Bysinger said he wanted the company to make “a sports coupe: two doors, four seats, sporty and fun.” Also 15% of respondents wanted the company to replace the Roadster.

Tesla is quite busy now

Currently Tesla has its hands full with a lot of challenges such as getting cell fabrication up, completing the Gigafactory and its proposed merger with SolarCity, and readying the Model 3 for production (and completing its long list of preorders). But still, the more distant future is on the minds of the company and its CEO, states GCR. So it will be interesting to know what the company is thinking about its future products, but until it actually reveals its plans, we will have to live with what the Green Car Reports survey found: a pickup truck.

In premarket trading today, Tesla shares were up slightly. Year to date, the stock is down almost 7%, while in the last year, it is down almost 4%. The stock has a 52-week high of $271.57 and a 52-week low of $141.05.

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@wordpress-785388-2679526.cloudwaysapps.com
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