Tesla’s next passenger vehicle under development, the Model Y compact crossover, will be built on the platform and underpinnings of the California automaker’s much hyped Model 3 sedan, CEO Elon Musk has confirmed.
“Upon the council of my executive team . . . who reeled me back from the cliffs of insanity—much appreciated—the Model Y will in fact be using substantial carryover from Model 3 in order to bring it to market faster,” said Musk in yesterday’s quarterly financial call. Musk also acknowledged that the SUV market is larger than the sedan market and that there are customers who would prefer such a vehicle.
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