The Model Y Is Quickly Becoming Tesla's Premier Vehicle And The New Design Will Raise Its Stock Even More

The Model Y is a part of the crossover SUV segment which is an important segment for Tesla. Tesla has the Model X, but that vehicle sits at a price point that is above what most people can afford. The Model Y is a smaller vehicle and is also around 1,000 pounds lighter. However, Tesla is taking the Model Y to new heights in many ways with the new design. One of the Model Y’s greatest achievements is that it was the first car to make Tesla a profit in the initial quarter of its release.

Model Y casting process

The technology behind the castings of the Model Y was covered in great detail in a previous article. The Model Y will go through casting process in which the rear third of the car is a single piece as opposed to 70 individual components.

Musk gave hints about new design

Elon Musk has given an idea about what to expect for the new design. Based on what is being put out in the news, it seems the appearance of the Model Y won’t be too much different on the outside. However, it will be completely different under the outer shell of the body due to the new castings. Musk said that the architecture will make the car more efficient.

The Model Y is said to have a 14% increase in range due to the new design. There will also be a 10% reduction in weight compared to the outgoing Model Y.

The world’s biggest casting press is currently under construction at Fremont. This machine will help assemble the rear casting for the Model Y. The Model Y will also use less materials which will enable Tesla to make more vehicles. This will help Tesla cut back on materials which is what they’ve been trying to do for a while.

The current Model Y is a fun car to drive, but one can only imagine how the new changes will affect the driving experience. The full scope of the benefits and drawbacks of the new design have yet to be seen.

How Tesla plans to make the Model Y even more profitable

Tesla plans to use their new Gigafactories to build the entry-level vehicles. Tesla plans to bring three new facilities into the fold over the next 18 months which seems to include the facilities in Berlin and Austin.

Image: Tesla

Daniel Cappo reports Tesla developments at Torque News. He has had a passion for cars ever since age five when his grandparents let him drive their old golf cart around their property in Upstate NY. He has attended numerous auto shows, and even got the chance to drive a Ferrari California on the track. Ever since Tesla opened up a dealership at his local mall, he's been an avid follower of their cars and technology. Dan has a B.S. in Public Communication from U Vermont. Follow Daniel on Twitter and LinkedIn for daily Tesla News.