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While other tech products have their release dates moved to later dates, Tesla Model Y is going on a different and more favorable direction. The upcoming electric crossover SUV is now anticipated to be released much earlier in 2020.
Tesla Model Y release date: Deutsche Bank research suggests delivery schedule moves up to Q1 2020
This news should not be confused with earlier reports. It is now the third time in 2019 that the release date of Tesla Model Y has been reported to change. Note, though, that this latest report on Tesla Model Y’s release date does not come directly from Tesla.
The information originates from Deutsche Bank’s recent research notes to investors (via CNBC) based on reports from Tesla’s Taiwan-based parts suppliers. Industry sources claimed that Tesla requested for its orders of Tesla Model Y and Semi parts to be delivered “much earlier than expected.” It is then speculated that the vehicles are now set to enter mass production six months earlier than the company planned.
Since Tesla Model Y was unveiled earlier this year, it promised to be delivered by fall 2020 while its Standard Range variant will follow in spring 2021. That estimation changed at the company’s Q3 2019 earnings call where the electric crossover SUV was slated to be released by summer next year, thanks to the opening of Gigafactory Shanghai. But with the updates from the Tesla supply chain, Model Y is now anticipated to hit the road as early as the first quarter of 2020.
The same sources also claimed that Tesla called to advance its orders of parts for the Tesla Semi. It is the company’s all-electric semi-trailer truck that was unveiled in November 2017. Along with the anticipated early release of Tesla Model Y, a limited quantity of the Semi is also now expected to be delivered in 2020.
Tesla Model Y specs, price
The base model of Tesla Model Y available for pre-order now is a Long Range rear-wheel drive that is priced at $48,000. It has a 300-mile estimated range while its top speed is set at 130 mph and could go from 0 to 60 in 5.5 seconds. The basic configuration of the interior layout has a five-seat capacity, but it can be upgraded to accommodate seven people for an additional $3,000. However, Tesla’s website indicates that the latter will not be available until 2021.
