Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
It is not new for Tesla to adjust previously announced plans for its electric vehicles. To the company’s credit, the changes are often made to improve the designs of its cars. It appears to be the case for Tesla Model Y’s lineup as Elon Musk confirmed the anticipated standard version of the compact crossover would not enter production.
New Tesla Model Y standard version to be announced soon
Since Tesla Model Y started to go on sale, people can choose between two power train options, namely the Long Range and Performance that are both Dual Motor All-Wheel Drive. But a third variant has been listed on the website, a Standard Range, that was originally planned to enter production by early 2021.
However, a Twitter fan noticed that the placeholder suddenly disappeared from the website. Musk then confirmed that the Standard Range Tesla Model Y had been scrapped, but it does not mean there will not be a third option for the electric crossover.
Musk explained that the planned standard version would have had less than 250-mile EPA range, which the company exec called “unacceptably low.” To compare, the Tesla Model 3 Standard Range Plus’ battery was exactly at the 250-mile capacity.
The anticipation over a standard Tesla Model Y is probably because people are hoping for a cheaper option of the electric crossover, and Musk seemed to realize this as well. So in the same Twitter conversation, Musk reminds fans that there is an on-going price reduction on the Model Y.
Tesla is unlikely to keep the discounted price forever, but Musk confirmed that a third Model Y option will arrive soon that will cater to potential customers looking to buy the crossover at a lower cost. “[We] will offer a LR single motor Y in a few months, which improves affordability, while still keeping the product excellent,” Musk added.
Elon Musk showcases Giga Berlin plans
Giga Berlin pic.twitter.com/UXQMUVTWXf
— Elon Musk (@elonmusk) July 15, 2020
The Model Y has been one of the vehicles Tesla plans to produce in its next Gigafactory in Germany, aka Giga Berlin, but it is not expected to operate until 2021. Reports last month said the construction of the plant will be underway, and Musk recently shared on Twitter how Giga Berlin would look like once it is fully constructed.
Featured photo by Marco Verch under Creative Commons license CC BY 2.0
