According to Reports, Tesla is Remaking the Model 3 to Save Production Cost

Tesla Model 3
Tesla Model 3 electric car May 21, 2018. Photo by Smith Collection/Gado/Getty Images

According to Reuters, Tesla is developing a redesigned Model 3 code-named “Highland”.  According to reports, the corporation wants to make the vehicle with fewer components and less complexity. The look and performance of the car’s powertrain may alter as a result of the makeover. According to reports, the project will build on the redesign of the 2021 Model S. The controversal steering yoke present in the Model 3’s more costly brother may or may not be included in the updated version.

According to Reuters, production of the new Model 3 will start at Tesla’s Shanghai Gigafactory some time in the third quarter of 2023. The revamped car will also be produced at the company’s Fremont facility. On the new Model 3, Tesla intends to save money, but it’s not obvious if the firm will pass those savings through to customers. Currently, Tesla earns roughly $9,500 from each vehicle it manufactures. The next-generation 4680 battery cells from the carmaker are not mentioned by Reuters either. Elon Musk said in 2020 that Tesla will be able to create a $25,000 electric car in three years thanks to the improved battery architecture.

It’s realistic to suppose that even if the timeframe for 2023 is true, it may alter. Recent Tesla reporting by Reuters has not been the finest, and it’s not like the firm is very good at meeting deadlines either. For instance, Elon Musk stated that volume manufacturing of the Cybertruck will begin in 2021 when the vehicle manufacturer initially unveiled it.

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