- A refresh could be coming for the Model Y
- Tesla is prepping its Shanghai factory for the refresh, Bloomberg reports.
- More redesigns are a sign Tesla is growing up
Citing sources familiar with the matter, Bloomberg reports that Tesla is preparing its Shanghai factory to start producing a refreshed Model Y in mid-2024.
This refresh will come with much more significant changes inside and out than a recent update in October, Bloomberg reports, but details on these changes are scarce. For clues on what this Model Y redesign might look like, look to the Model 3 redesign earlier this year.
For the European market, Tesla this summer gave the Model 3 a sportier look
The Model Y, a crossover that has gained significant popularity since it went on sale in 2020, gained even more mass appeal this year when Tesla quietly rolled out
Tesla is growing up
Heading into this year, Tesla CEO Elon Musk faced pressure from investors to refresh the electric car company’s aging lineup — especially as more competition flooded the market.
Musk long resisted the industry norm to refresh designs every few years and instead rolled out entirely new cars like the Model 3 in 2017, the Model Y in 2020, and the Cybertruck last month.
But as the once-scrappy startup grows into something more closely resembling a regular car company
The normalcy is welcomed by many Tesla investors, some of whom continue to be frustrated with Musk’s public antics, particularly at his social media company X (formerly Twitter).
Are you in the market for a Model Y? What changes would you like to see in a redesign? Contact this reporter at nnaughton@insider.com