Summary
- Tesla is offering one year of free European Supercharging for Model Y purchases made before December 31, 2024 to boost sales.
- Tesla projected 515,000 vehicle deliveries in Q4 2024, aiming to break previous records.
- The Model Y is getting a new battery pack in rear-wheel-drive variants, which will increase overall capacity by 6%.
- Tesla is revamping the Model Y with Project Juniper, including potential updates to the front and rear ends.
- Tesla has entered the Philippine market and will soon deliver customizable vehicles with supercharging stations planned at malls.
Article
The latest news on the Tesla Model Y includes an offer for one year of free European Supercharging for customers who purchase and take delivery before December 31, 2024. This promotion aims to boost Tesla sales in 2024, as the Model Y has been a top-seller in Europe and globally. Tesla is projecting record-breaking deliveries in Q4, targeting 515,000 vehicles to surpass the previous record set in Q4 2023. Incentives like free Supercharging and low APR financing are being used to meet or exceed sales expectations.
Tesla is also updating the battery packs for the Model 3 and Model Y rear-wheel-drive variants, resulting in a 6% increase in overall capacity from 60.1 kWh to 62.5 kWh. This upgrade should improve charging performance, range, and charging speed due to a higher nominal capacity and reduced weight. The rumored redesign of the Model Y, known as Project Juniper, is expected to bring front and rear-end updates similar to those seen in the Model 3. Possible changes include a larger third row to make the vehicle more dog-friendly, particularly appealing in markets such as China.
Tesla saw a surge in sales in China, with the Model Y becoming the second best-selling car in the country, accounting for 89% of Tesla’s sales. The company recently opened its first Tesla Experience Center in the Philippines, offering customers the ability to customize their vehicles and expect deliveries in the second quarter of next year. Prices for Tesla vehicles range from P2.1 million to P3.3 million, with plans for Tesla Supercharger stations in multiple locations.
A lease deal for the Tesla Model Y Long Range at $299 per month has made the vehicle as affordable as the Model 3, despite its higher sticker price. This price reduction, combined with reports of the incoming Trump administration pushing for a federal framework supporting self-driving vehicles, has boosted Tesla’s shares. The potential for relaxed regulations on autonomous and electric vehicles could benefit Tesla and its plans for Full Self-Driving technology in vehicles like the Model Y.
Overall, Tesla continues to make significant strides in sales, technological advancements, and market expansions. The company’s focus on incentives, battery upgrades, design refreshes, and global expansion highlights its commitment to innovation and sustainability in the electric vehicle sector. With a growing presence in key markets like Europe, China, and the Philippines, Tesla is poised to maintain its position as a leader in the transition to sustainable transportation.
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