Elon Musk Says Model Y Production Will Begin in 2020


Tesla’s upcoming Model Y crossover will be a gamechanger for manufacturing, CEO Elon Musk said on Wednesday during the company’s first-quarter earnings call.

“I think Model Y is going to be a manufacturing revolution,” Musk said. “It will be, I think, incredible from a manufacturing standpoint, because we do not want to go through this pain again.”

Tesla is betting big on automation despite the fact that Model 3 production was delayed because of problems with new automated manufacturing systems at the Gigafactory.

The company originally aimed to build 5,000 Model 3 vehicles a week by the end of 2017, but later revised its target to making 5,000 Model 3 cars by the end of the second quarter. Tesla said that the company was making 2,270 Model 3 vehicles per week in April.

Musk has said many times that Tesla is focused on building the “machine that builds the machine,” which basically means a highly automated manufacturing system. And the company reiterated this sentiment in its earnings letter when it stated that its “automation strategy is key” and that it’s as “committed to it as ever.”

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SOURCE: Business Insider, Cadie Thompson