Tesla releases the very first Model Y teaser


Speaking at Tesla's annual shareholder meeting in San Jose on Tuesday, Musk vowed not to repeat the problems encountered by the Model X SUV when it was introduced in 2015. It has faced manufacturing delays with previous models, including the latest Model X SUV which was almost 18 months late. It's about to introduce its first mass-market electric vehicle, the Model 3 sedan, as well as a new line of solar panels.

"There's just no room at Fremont", Musk said, referring to Tesla's plant in Fremont, Calif., that's slated to handle Model 3 production. He said the company made a mistake by basing the high-end Model X SUV on the Model S sedan, saying it does not make sense to try to "shoehorn" an SUV onto a platform made for a sedan. Perhaps most exciting of all was what he had to say about Tesla's forthcoming electric semi truck.

He added that several heavy-duty organisations were waiting to place orders on the vehicle, which is due to be unveiled at the end of September. Musk said it was "crazy hard" to make cars and that Tesla had learned a lesson from the complexity of previous models.

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The meeting took the lid off new updates on Model 3, Model Y, and the Tesla Semi, while also providing updates on more mundane business matters.

Tesla will also be focusing on improving the production speed of its Gigafactory setup for the Model Y. the lessons learnt from Model 3 demands and production times will be applied to ensure that the Model Y is built and delivered quickly to customers. The Model Y will be low-priced SUV equivalent to the Model 3.

Tesla hasn't updated the pre-order count since a year ago, but Musk said Tuesday that "there are more and more deposits every week". The silhouette looks similar to the Model 3 front angle. By comparison, on-road hybrids like Prius can only run on battery charge for small distances, while most affordable electric vehicles go 120-150 miles on a single charge. Vehicle that get launched by 2020 or later are expected to sport self-driving features which is a visionary idea being adopted by Tesla, BMW, Audi, Volkswagen among all top automobile brands.