Just like the Model 3, the Model Y is also expected to be geared towards a far more budget-conscious demographic.
⚡️Tesla Model Y concept- The Y is expected to be a mid-size crossover based on the 3 sedan.
This is something that Tesla is completely avoiding with the Model 3, as well as the upcoming Model Y.
Considering that the Model 3 is expected to enter production sometime this year, the reveal of the Tesla Model Y might come sooner than anticipated.
This means it will be smaller and less powerful than the Model X but despite that it should still be quite impressive.
The company’s production costs for an entire 2017 Chevy Bolt EV
As it stated in The bottom line, however, is that UBS has calculated the production and manufacturing cost of a Chevrolet Bolt EV at $28,700.
Now we have an estimate of the company’s production costs for an entire 2017 Chevy Bolt EV, from a report issued by the investment firm UBS.
Image from 2017 Chevrolet Bolt EV electric-car ad by Ourisman Chevrolet, Rockville, Maryland Enlarge PhotoIt’s worth reading the entire report to understand the company’s methods and reasoning.
It’s not limited to the Bolt EV, either; the company also projects what it thinks a Tesla Model 3 will cost to manufacture.
CHECK OUT: Another Chevy Bolt EV electric-car owner weighs in on pros and consThat assumption leads to a manufacturing cost for a base Model 3 would be $29,878, roughly $1,200 more than a Bolt EV.
As it stated in UBS: Chevy Bolt Powertrain $4,600 Cheaper Than Thought, Tesla Model 3 Likely To Be Profitable May 20th, 2017 by Steve Hanley Originally published on Gas2.
Add in the increasingly complex automatic transmissions in use today and there are a lot of things that require fixing as a conventional car ages.
5% happens to be the average profit margin on conventional cars, although some premium manufacturers like BMW are accustomed to profit margins as high as 8%.
Analysts for UBS have torn apart a perfectly good Chevy Bolt to see how it is put together.
→ Related: 24 Hours With The 2017 Chevy Bolt (CleanTechnica Review)The UBS study goes on to say, “This will create an inflection point for demand.