News Tesla targets November 2019 for start of Model Y production

18:26  13 april  2018
18:26  13 april  2018 Source:   autoblog.com

Elon Musk takes charge of Tesla Model 3 production

  Elon Musk takes charge of Tesla Model 3 production Musk replaces five-year Tesla veteran Doug Field, who has been reassigned.This news comes as no surprise given Tesla's woes of late, with Model 3 production numbers being lower than anticipated, downgraded credit, slipping stock prices and a recent Autopilot-related fatal Model X crash.

SAN FRANCISCO: Tesla is targeting November 2019 as the start of production for its Model Y sports utility vehicle, with production in China to begin two years later, two sources told Reuters this week

SAN FRANCISCO — Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

a close up of a car© Tesla SAN FRANCISCO — Tesla Inc is targeting November 2019 as the start of production for its Model Ysport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its resources and capacity.

Reuters has learned the Silicon Valley company led by Chief Executive Elon Musk is accepting preliminary bids for supplier contracts on the Model Y, a compact crossover companion to the Model 3 sedan. Tesla has given suppliers scant details about the program and had not provided a production time frame, but has now indicated the vehicle would begin to be built at its Fremont, California, plant in November of next year, the two sources with knowledge of the supply chain said.

Elon Musk takes charge of Tesla Model 3 production

  Elon Musk takes charge of Tesla Model 3 production Musk replaces five-year Tesla veteran Doug Field, who has been reassigned.This news comes as no surprise given Tesla's woes of late, with Model 3 production numbers being lower than anticipated, downgraded credit, slipping stock prices and a recent Autopilot-related fatal Model X crash.

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

Tesla declined to comment.

The new Model Y details show that Tesla is pushing ahead on plans to build a new vehicle even as it struggles to produce the Model 3, which launched in July. Despite initially attracting about 500,000 advance orders in the form of refundable deposits, the sedan's launch has been plagued by delays and manufacturing bottlenecks, postponing Tesla's anticipated revenue stream and exacerbating a cash crunch for the money-losing company.

> Related: Tesla Model 3 First Drive Review | The very sharp tip of the EV spear

Earlier this month, Tesla tried to reassure investors, saying its weekly Model 3 output had doubled during the first quarter and that production rates would accelerate through the second quarter to 5,000 units per week, or about 250,000 vehicles per year.

Tesla production pause adds to Model 3 concerns

  Tesla production pause adds to Model 3 concerns Tesla Inc (TSLA.O) shares fell as much as 2 percent in premarket trading on Tuesday, a temporary halt in production of its Model 3 sedan adding to nerves about the electric car maker's consistent failure to keep its promises on vehicle output. Model 3, the most affordable sedan from Tesla, is seen as crucial to the company's future profitability, but has so far missed several production goals. The car maker said the halt - the second since February - was to improve automation and systematically address bottlenecks to increase production, a regular move by car companies.

(Reuters) - Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

Ok so we have Elon ON RECORD GUARANTEEING that they will be producing 5,000 Model Y 's per week starting November 1st, 2019 . There, I said it ! Now everyone going forward can quote me here as proof that Tesla will have missed all their Model Y production goals if they don't achieve that.

Competitive bidding is a crucial early step in the complicated process of automotive manufacturing. After the automaker discloses its plans, suppliers compete based on factors including cost and technology.

Tesla issued to suppliers what is known as a "request for information," or RFI, which gives a directional view of what will be needed.

With a new car model, automakers normally choose parts suppliers two to two-and-a-half years before the start of production. At about one-and-a-half years away, a November 2019 start date for the Model Y would be considered "aggressive, but possible," said one of the sources. A shorter timeline is potentially feasible, the source said, as the Model Y will be built on the same platform as the Model 3.

Tesla is known for its aggressive timelines and high risk-tolerance in order to get cars to market quicker. To save time and cost, Tesla made the risky bet to skip a pre-production testing phase for the Model 3 in order to advance straight to production tooling, which is harder to fix if problems arise, as Reuters first reported last year.

Tesla posts biggest quarterly loss, Model 3 production on track

  Tesla posts biggest quarterly loss, Model 3 production on track Tesla on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting to hit about 5,000 per week in about two months. Tesla said it produced 2,270 Model 3s per week in the last week of April, up from 2,250 in the second week of the month.In order to achieve 5,000 per week, Tesla plans to take additional days of downtime during the second quarter.Tesla reported a loss of $709.6 million, or $4.19 per share, for the first quarter ended March 31, compared with a loss of $330.3 million, or $2.04 per share, a year earlier.

Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker’s next project that could tax its resources and capacity.

SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

1 MILLION MODEL Ys?

The Model Y is just one of many projects in the pipeline for Tesla, which also launched a Tesla Semi and a new Roadster in recent months. It is spending to build out its Gigafactory battery factory in Nevada, where battery module assembly issues have contributed to Model 3 delays, and also expects to build a factory in China in the near future.

Tesla has said it will not need to raise additional funds this year. But Moody's cited the likelihood of a capital raise of more than $2 billion in its downgrade of the company last month, spurred by concerns about cash reserves and Tesla's ability to meet production targets. The company burned through $3.4 billion last year.

Without giving a time frame, Musk in February told analysts the company would aim for production capacity of 1 million Model Ys per year.

The two sources said suppliers could be estimating an annual production of 500,000 vehicles in the United States, with much lower volume in China, likely in the tens of thousands. Building 500,000 Model Ys per year would be the equivalent of what Musk has planned for total production in Fremont by the end of this year, although the company is nowhere near that volume.

Elon Musk says Tesla's Model Y is slated for 2020

  Elon Musk says Tesla's Model Y is slated for 2020 The CEO also added that the assembly of the Model Y will be a "manufacturing revolution."Speaking at an earnings call, CEO Musk also added that there would be a "manufacturing revolution" for the production of the new car, reports car site Electrek. The claim contradicts an earlier Reuters report that the Model Y production will start in November 2019.

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

(Reuters) — Tesla is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week

Suppliers generally use automakers' production targets to formulate a good guess on how many vehicles will actually be built, based on the individual automaker's capability to execute and consumer demand. One of the sources said Tesla's RFI was light on details compared with other automakers, and did not provide volume estimates for the Model Y.

Musk said in February that capital investments related to the SUV would begin toward the end of 2018. Tesla has said its current factory in Fremont could produce 10,000 vehicles a week - what the company hopes it will build in the Model 3 alone some time in 2018 - without the need for a new building, although some in the industry believe there is not enough room at the plant to support that volume.

Any major Model Y program would likely require a new facility, although low volume of the Model Y could be built on the existing Model 3 line, the sources said.

Reporting by Alexandria Sage.


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