Tesla will not launch refreshed Y model this year, Musk said
High interest rates have resulted in the carmaker’s being slow in updating its ageing models
09 June 2024 - 13:10
byJahnavi Nidumolu
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Bengaluru — Tesla will not launch a refreshed Model Y chief executive Elon Musk said in a post on social media X on Saturday.
“No Model Y ‘refresh’ is coming out this year”, Musk said, adding that Tesla continuously improves its cars, “so even a car that is 6 months newer will be a little better.”
Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world’s largest auto market, are rolling out cheaper models. The carmaker’s global vehicle deliveries fell in the first quarter for the first time in nearly four years.
Last year, Reuters reported that Tesla was readying a production revamp of Model Y with a target of starting production in 2024.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Tesla will not launch refreshed Y model this year, Musk said
High interest rates have resulted in the carmaker’s being slow in updating its ageing models
Bengaluru — Tesla will not launch a refreshed Model Y chief executive Elon Musk said in a post on social media X on Saturday.
“No Model Y ‘refresh’ is coming out this year”, Musk said, adding that Tesla continuously improves its cars, “so even a car that is 6 months newer will be a little better.”
Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world’s largest auto market, are rolling out cheaper models. The carmaker’s global vehicle deliveries fell in the first quarter for the first time in nearly four years.
Last year, Reuters reported that Tesla was readying a production revamp of Model Y with a target of starting production in 2024.
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