Wednesday, October 24, 2018

Tesla’s Model Y crossover is ready for production, Elon Musk says

Tesla CEO Elon Musk said Wednesday that he recently approved the final prototype of the Model Y, signaling that the forthcoming all-electric crossover SUV is far enough along in development to go into production. Approval aside, though, he said full volume production still isn’t slated to happen until 2020, which has been the target for a while now.

“We’ve made significant progress on the Model Y,” Musk said in an uncharacteristically subdued call with investors and analysts, following news of the company’s first profitable quarter in two years. The CEO has previously teased a March 2019 reveal of the SUV.

Musk didn’t offer any more detail about the Model Y’s development, but one reason for the delay is that Tesla doesn’t have anywhere...

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