Tesla’s Model 3 Line-up will Include a Crossover Variant
Tesla has been teasing information about its Model 3 lineup for a long time now. The Model 3 is said to be Tesla’s cheapest vehicles. They will also be all-electric which really isn’t surprising. But that’s not all. It is also being said that apart from a sedan, Tesla will also bring a crossover version for the Model 3.
The compact crossover variant will likely be called the Model Y (like the Model X, only smaller), according to a tweet by CEO Elon Musk that was posted last year and later deleted.
What we know about the Model 3 so far is that the all-electric drive will give a range of about 240-miles and cost around $35,000. The Model Y crossover will cost $5000 more than the Model 3.
At this price range, it is being speculated that Tesla will incur losses for each unit. That is until its Gigafactory 1 goes online, which is a lithium-ion battery factory currently under construction. Tesla expects that Gigafactory 1 will reduce the production cost for their Electric vehicle battery and Powerwall packs by 30%. This will, in effect, reduce the cost of the production of the vehicles and help the company reap the benefits of its cheap Model 3 lineup.