Tesla last wishes as begin making capital investments for its planned Model Y crossover last in the third quarter or in the fourth quarter of 2018, CEO Elon Musk replied on a conference call on Wednesday.
The company wants to design the vehicle so that it spaces as many of the headaches Tesla had to go through to produce earlier models. Musk done in at least one Thanksgiving working at the Gigafactory, which he does not want to reproduce, he said.
He also said he may delve more into details surrounding the Model Y on another earnings call later in the year. Tesla explored financial results for the fourth quarter of 2017 on Wednesday.
The Model Y would be Tesla’s to begin crossover vehicle — a segment that is growing faster than it is possible that any other in the U.S. passenger vehicle market. Tesla currently makes one distraction utility vehicle, the Model X, and two sedans. This is at a time when Americans are crew away from cars and toward SUVs and trucks.
Tesla has writhed over and over again to ramp up production on earlier models. The enterprise said it is on track to reach a key production goal on the Model 3, which it had in olden days delayed several times. The Model 3 is a more affordable electric sedan that starts at $35,000.
The South African private limited company also was delayed on production of its Model X sport utility vehicle, which had glorious but complicated features, such as falcon wing doors.