SHANGHAI/SAN FRANCISCO : Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan.The changes to the Model Y – code-named Project Juniper at Tesla - involve the exterior and interior of the crossover electric vehicle with a target of starting
SHANGHAI/SAN FRANCISCO : Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan.
The automaker has not commented on its product strategy or any planned model changes. Tesla did not immediately comment when asked by Reuters about the plans for the Model Y, which was its best seller in California, China and Europe last year. The Highland version of the Model 3 is expected to go into production in Shanghai in September, according to a person with knowledge of the matter.
At the investor day event scheduled to be held at its Gigafactory in Texas on Wednesday, Tesla has said it will share details about its next-generation vehicle platforms, which Musk has said would produce a vehicle about half the cost of Tesla's current vehicle underpinings.The leading EV maker has faced increasing competitive pressure in China, its second largest market behind the United States, even after it cut prices.
In contrast to legacy automakers, which have tended to make incremental model-year changes to cars before introducing an all-new version, Tesla has pressed the pace of change in its electric vehicles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-Broadcom faces EU antitrust warning on $61 billion VMware deal - sourcesBRUSSELS :U.S. chipmaker Broadcom is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware in the coming weeks, people familiar with the matter said.The European Commission opened an investigation in December last
Read more »
Musk's plan for a cheap Tesla car is what fans hope to hear this weekSAN FRANCISCO : Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it.Musk said last year he shelved the plan for a $25,000 car, known as Model 2, an
Read more »
Exclusive-JPMorgan proposes new Asia credit index with lower China weighting -sourcesHONG KONG : JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weightin
Read more »
Tesla pauses roll-out of $20,000 driving software subject to US recallRegulators say FSD Beta allows Tesla vehicles to exceed speed limits or travel in unlawful or unpredictable ways that increase crash risk. Read more at straitstimes.com.
Read more »
Exclusive-White House gives agencies 30 days to impose federal device TikTok banWASHINGTON :The White House on Monday gave government agencies 30 days to ensure they do not have Chinese-owned app TikTok on federal devices and systems.Office of Management and Budget Director Shalanda Young told agencies in a guidance memorandum seen by Reuters they will be required to adjust information t
Read more »
Tesla, Musk sued by shareholders over self-driving safety claimsTesla Inc and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles' Autopilot and Full Self-Driving technologies.In a proposed class action filed in San Francisco federal court, shareholders said Tesla def
Read more »