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Tesla to Produce Compact Model Y: The Size of a Honda Fit

News is circulating that Tesla will produce a compact Model Y and aim for 4 million units per year. I think it will be the size of a Honda Fit.

Tesla Compact Model Y - 4 Million Units Per Year

We have news from CN Wire, from an insider that has not been named, that Tesla is preparing for a cheaper Model Y and is creating a 4 million units per year plan. I believe this vehicle will be about the size of a Honda Fit while being a little bit taller.

Tesla is aiming to produce 4 million units per year of this compact Model Y with the production happening at Giga factories in the following locations:

* Giga Texas
* Giga Mexico
* Giga Berlin
* Giga Shanghai

As always, news like this from an unnamed source should be taken with a grain of salt, however, it has been shared by many prominent Tesla supporters, and it does appear to be legit for now.

This news shouldn't be a surprise, however, to anyone who is paying close attention. If you are watching Tesla, you know that the Model Y will become the best-selling vehicle in the world and reach 2 million units per year or more.

If Tesla is looking to do half the cost and half the production time, 4 million units of this new Compact Model Y should be very doable. This gets Tesla to nearly 10 million units per year by the end of 2027 with the following vehicles:

* Model 3 (1 million)
* Model Y (2 million)
* Model S/X (100,000)
* Semi (250,000)
* Cybertruck (1 million)
* Compact Y (4 million)

I believe Tesla will announce a compact version of the Model 3 as well, but for now, the Model Y is such a good car, it makes sense to replicate that.

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The Size of a Honda Fit

I think we'll see the Compact Model Y be about the size of a Honda Fit - with a little bit more height. If you look at the current size of the Model Y compared to a Honda Fit, you get these dimensions:

(Length, Width, Height - in inches)

* Model Y: 187 x 76 x 64
* Honda Fit: 162 x 67 x 60

As you can see, the Honda Fit is only 4 inches shorter than the Model Y. This Compact Model Y may even opt to be 60 inches in height. The Honda Fit may no longer be produced, but I owned one for about 13 years, and I am 6'4'' and had plenty of room to sit. It was deceptively large when you got in it.

There are 25 inches to remove in the length of the compact Model Y and 9 inches to remove in width. I believe Tesla will remove close to all of this in the dimensions of the vehicle. Tesla will also shave a few inches off the height.

I'm not sure why Honda discontinued the Fit. It was a great car and very maneuverable. A compact Model Y is definitely a car I am going to want to own, and I can't wait for its release.

I believe Tesla's compact Model Y will be between $25,000 and $30,000. Its compact Model 3 will be between $20,000 and $25,000.

Would you get a compact Model Y that is about the size of a Honda Fit and costs around $25,000 to $30,000?

In Related News: Elon Musk Gives Nod to Model 3 - Project Highland

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot