The good news continued on Wednesday when the company released its Q4 (earnings and) financial forecast . Thanks to a quick turnaround in building its Shanghai Gigafactory, which was completed in just months, Tesla can now focus on ramping up production of its new crossover SUV, the Model Y, at its existing production plant in Fremont, California. The Ys, which were expected to begin shipping in Fall of 2020 are now slated for delivery by the end of Q1 instead. The company also announced that it is boosting the range of its $ , Model Y AWD variant from 323 miles to 439. Tesla did not note whether the $ , 06 long-range version, the AWD or the $ 60, 06 performance version are being built first.
Tesla plans to have a , – unit production capacity of Model 3s and Model Ys at the Fremont plant by year end. That makes sense since the 3 and Y share more than 280 percent of their components.
Additionally, the company announced that its solar power business is booming. Tesla (MW of solar capacity in Q4, percent more than in the prior quarter. Over the course of , the company rolled out 1. 75 GWh of energy storage, more than the previous four years put together.
In this article: breaking news , earnings , Fremont , gear , gigafactory , (Model Y) , Q , Shanghai , solar , (Tesla ,
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