Friday, 22 March, 2019

Tesla has shared new photos of the crossover Model Y

Tesla backs off on store closure set to hike price instead Tesla Should Not Have Lowered the Price of Autopilot Says Musk
Priscilla Morrison | 16 March, 2019, 14:06

In 2017, Musk indicated that the Model Y will require just 328 feet of wiring in its construction compared to the 5,000 feet of wiring used by the Model 3.

One of the biggest challenges with Tesla cars reaching the masses has been their high price.

Thursday's reveal comes amid a turbulent time for Tesla, as it attempts to make good on its promise of providing a cheaper Model 3 and Musk battles with federal regulators.

Tonight at 8pm PDT (11pm EST), the Model Y will be unveiled to the world at a special event at Tesla's Los Angeles Design Studio.

While the new SUV is expected to be built on the same platform as the Model 3, we should expect more seats on the inside, as well as a new set of instrument panels - something which has been a feature so far on every new Tesla model. "We wouldn't be disclosing which stores or how many we intend on closing".

The top US securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker's production volume did not violate his recent fraud settlement.

More news: Mueller navigates dangerous currents in probing Trump-Russia nexus

This abrupt pricing reversal follows reports out of China according to which outraged Tesla owners were protesting the lower prices. Tesla paid for the purchase with about 50,000 previously authorized shares.

Remaining stores could have fewer workers, but will have vehicles available for test drives and a small inventory in case people want to buy immediately, the statement said.

"I think we will be feature-complete full self-driving this year, meaning the vehicle will be able to find you in a parking lot, pick you up, take you all the way to your destination without an intervention - this year", Musk said in an interview with ARK Invest.

Now Musk says that the costs are going to "revert again to regular" on Monday, March 18th. As of now, there are no final details available about the vehicle - but of what we gather from the company's teases, it appears that the Tesla Model Y price is going to surprise us all! This includes payments for store leases, galleries and real estate overseas.

First and foremost, the Model Y will be based on the same platform as the Model 3 sedan. Pro-Tesla blog electrek called the business model changes a "chaotic situation", saying it was "either turning into what feels like an extremely poorly managed, haphazard transition or it is intentionally made that way to push out employees like some are suspecting". Tesla stated that the people holding the reservation will possibly be getting the auto in near 4 weeks.

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