The Model Y SUV's similarities to the Model 3 sedan suggest Tesla has nailed down its design and production process:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning,Last Thursday, Tesla lifted the veil on its much-anticipated Model Y crossover SUV at its California headquarters,The vehicle is already available for pre-order, although the first models won't start shipping until the fall of 2020.
Though some observers are underwhelmed by a perceived lack of exciting new features, the Model Y SUV's similarities to the Model 3 sedan suggest Tesla has nailed down the design and production process for new vehicles. The new Model Y shares about 75% of its parts with the Model 3, per figures cited by Popular Science.
The Model Y's tiered pricing is structured like some of Tesla's other models, suggesting that Tesla is also closing in on standardizing its pricing strategy. The Model Y is available in four, differently priced versions:A rear-wheel drive Long Range version A rear-wheel drive Standard Range version . Standard Range models will not begin shipping until spring 2021, while the other three models will begin shipping in fall 2020.
The tiered structure has been evident in some Tesla pricing in the past, but the announcement that the Model Y will follow suit shows a new commitment on Tesla's part to formalizing its pricing approach. This increased clarity will benefit prospective customers in making a purchase decision.
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