UPDATE 08-24-2017: The Tesla Model Y is arguably the most exciting electric vehicle that has ever reached the public domain, even if the car itself is not yet available. There been a huge amount of column inches devoted to the Model Y, though, as the crossover vehicle promises performance, affordability and green credentials.
Tesla Model Y speculation
There has thus been a huge amount of speculation regarding the Tesla Model Y, which has only intensified the public anticipation of the electric vehicle. It seems quite likely that this will be the biggest selling Tesla release yet when it finally reaches forecourts across the United States.
Combining the qualities of car, SUV and wagon, the Tesla Model Y promises to redefine the qualities that electric vehicles can deliver. But an intriguing suggestion hitting the media this week is that a car powered by electrons may not be one-million miles away. Naturually, this would be a huge step forward over the existing systems for electric vehicles, delivering a quantum leap in the electric car concept.
However, we should not expect such an incredible innovation with the Model Y, even if Tesla has achieved a reputation for surprising people. There is no doubt that the company will be at the forefront of such technology when it appears, but this eventuality will be in the longer term. Instead, the Tesla Model Y will share many of the components from the earlier Model 3, although it is not entirely clear whether or not the vehicle will be constructed on the same platform.
What we do know is that Tesla is being increasingly challenged in the electric car marketplace, with numerous competitors offering their own electric vehicles. Big players in the auto marketplace such as BMW and Audi have their own electric technology now, and the days of Tesla dominating the niche unchallenged are certainly numbered.
Indeed, there are at least three other manufacturers who have aspirations to deliver a pure electric crossover at a price point under $40,000, while travelling 250 miles on a single charge. This is already recognized by mainstream carmakers as an incredibly important trend, with Lex Kerssemakers, the CEO of Volvo Cars of North America, having recently spoken out on the subject.
Kerssemakers indicated that Volvo will manufacture its own crossover in the foreseeable future, and that this will be the first ever all-electric vehicle from the Swedish corporation. With manufacturing of the Volvo crossover due to take place in China, it should be released by 2019 based on current data.
Meanwhile, both Volkswagen and Ford are also working on electric crossovers at a similar price point to the expected recommended retail price of the Tesla Model Y. Not all of these vehicles will be available in the public domain as soon as the Tesla offering, but we can reasonably expect to hear something from Volkswagen and Ford before the end of 2020.
This all adds up to an extremely competitive marketplace, and one in which Tesla must clearly excel with its Model Y release. The versatility and affordability of the crossover is an attractive proposition to consumers and manufacturers alike, amd when this is combined with a long charging range and zero emissions, it makes for a extremely attractive package.
Tesla CEO Elon Musk is not one to give up without a fight, though, and the prominent executive has already publicly acknowledged the rapid growth of the crossover niche. In a Q2 earnings call, Musk set “late 2019 to 2020” as a production target for the Tesla Model Y, meaning that the release date is likely to be similar to the aforementioned Volvo crossover.
Not all of the design specifications for the Tesla Model Y are clear at the time of writing. It has not been made plain whether the falcon doors from the Model X will migrate to the forthcoming crossover. However, the prospects for the Tesla Model Y are rather good, as industry analysts believe that the market demand for the crossover will be higher than for the Tesla Model 3. During the Q2 earnings call, Musk referred to the Model Y as “a car where we expect to see demand in the 500,000 to 1,000,000 unit per year level. It’s the obvious priority after the Model 3.”
The base price for the Tesla Model Y remains $35,000 according to the latest reports; certainly an affordable electric vehicle. Another key aspect of the electric crossover will be the range of the vehicle. Tesla has been extremely reticent to reveal any information in this area, but it is believed that the cycle on one charge should be in the range of 215 miles.
This figure is already associated with the Tesla Model 3, but there are concerns that the larger Model Y could struggle to achieve the same distance. Nonetheless, Tesla is no doubt beavering away behind the scenes in order to deliver this figure.
Aside from this, little is known about the precise features and capabilities of the Tesla Model Y, although the company itself has promoted its high-performance nature. There is no doubt that the Model Y will be a make or break car for Tesla, as it promises to be the first truly mainstream vehicle that the company has produced, despite the huge success of some of his previous releases.
The Tesla share price has been steady over the last few months, but it has still achieved significant growth in 2017. Indeed, it is easy to forget what an incredible success story Tesla has been, with the stock price of the company having increased by over 1,000 percent in just five years.
While Tesla has undoubtedly become a household name, and the desire for electric cars is now greater than ever, this is still a make or break time for the future of the company. If consumers turn to other vehicles produced by more traditional manufacturers, it could be absolutely disastrous for Tesla. On the other hand, if the Tesla Model Y can establish itself as a credible mainstream crossover vehicle, the future of the electric car pioneer looks extremely rosy.
As Tesla continues to develop its vehicle range, one of the forthcoming vehicles linked with the corporation is the Model Y. This electric car has yet to be confirmed by corporation, but recent comments by Tesla’s CEO and founder, Elon Musk, have suggested that the existence of the Model Y behind the scenes is common internal knowledge.
Musk in fact inadvertently (or so it seems) revealed the information in a tweet, when the charismatic leader of Tesla disclosed the existence of the Model Y via Twitter. The reason that we can assume this was inadvertent is that Musk deleted the tweet immediately, and we have heard nothing since on the existence of this vehicle.
But as Tesla continues to attempt to develop its market share, it would be logical for the electric car corporation to manufacture another vehicle. Tesla is perhaps not successful enough to be