A report claims that the Tesla Model Y refresh could happen in the coming months as the automaker plans a factory closure at Gigafactory Shanghai.
Last summer, Tesla launched the updated version of the Model 3 in Asia, the Pacific and Europe.
The new version of the popular electric sedan has yet to arrive in North America, yet rumors have it that Tesla is already preparing a refresh of the Model Y, which is closely related to the Model 3.
The updated version of the electric SUV is expected to bring some of the same changes introduced in the new Model 3, along with a few more unique features.
Now, a new report from Bloomberg claims that Tesla is preparing to put the new version of the Model Y into production in the coming months.
The reports mention volume production in “mid 2024” at Gigafactory Shanghai:
The U.S. electric car maker is currently carrying out preparation work in China for its updated Model Y SUV and mass production could start as early as mid-2024, the people said, asking not to be identified because the information is not public.
But it also says that a first batch could come after a factory closure and upgrade during the New Year holidays:
The first batch of the latest Model Ys will be made from the second phase of Tesla’s Shanghai factory, where production will be suspended for about a week over the New Year holidays for a partial upgrade, one of the people said. More adjustments will need to be made prior to mass production, she added.
It is unclear whether this is the upcoming New Year holiday next week or the Chinese Lunar New Year in February.
The report also states that the refresh will feature “much more obvious exterior and interior changes” than the Model Y update in China in October, which included new ambient lighting and some performance upgrades.
This new upgrade would be more significant and would likely be the project codenamed Juniper that we’ve been hearing about since earlier this year.
There aren’t many details in this report, but it sounds like Tesla is preparing to launch the new version of the Model Y.
It will be interesting to see how Tesla handles the transition, because the Model Y is currently Tesla’s cash cow.
Any slowdown in production volume during a switch to a new version will have a major impact on the automaker’s business. A smooth versus difficult production transition could make the difference in Tesla’s performance in the first quarter of 2024.
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