Tesla is reportedly redesigning the Model 3 to cut production costs

Tesla is engaged on a redesign of the Mannequin 3 codenamed “Highland,” based on . The corporate’s purpose is to reportedly cut back the complexity and variety of parts required to supply the sedan. The redesign may embody adjustments to the automotive’s exterior and powertrain efficiency. The venture can be mentioned to construct on the revamp of the . Nevertheless, it is unknown if the redesigned Mannequin 3 will function the controversial steering yoke present in its dearer sibling.

Reuters experiences Tesla’s Shanghai Gigafactory will start producing the brand new Mannequin 3 someday in the course of the third quarter of 2023. The corporate’s Fremont plant may also make the redesigned sedan. It’s unclear how a lot Tesla expects to avoid wasting on the brand new Mannequin 3, nor whether or not the corporate will move on the fee financial savings to customers. Tesla presently makes a revenue of about $9,500 for each automotive it produces. Reuters additionally makes no point out of whether or not the refresh will function the automaker’s next-generation . In 2020, Elon Musk mentioned the brand new battery design would allow Tesla to supply a $25,000 electrical automotive inside three years.

It is secure to imagine that even when the 2023 timeline is correct, it may very well be topic to vary. Reuters with its Tesla reporting not too long ago, and it’s not like the corporate is nice about sticking to deadlines both. When the automaker first introduced the , for instance, Elon Musk mentioned quantity manufacturing would begin in 2021. That date first slipped to after which .

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