Ahead of Investor day, Tesla said to revamp Model Y production
Sean Gallup


Tesla (NASDAQ:TSLA) is looking at a production revamp of its top-selling Model Y, Reuters reported citing people close to the matter, in a project codenamed "Project Juniper'.
The changes to the model include the exterior and interior of the crossover electric vehicle with a target of starting production in October 2024.

This step by the company would clearly indicate that it is well positioned to offer new versions of its top-selling models over the next two years amid rising pressure in China and U.S. where there are increasing options now for EV buyers.
In the last year, the Model Y remained a best seller in California, China and Europe.
In mid-February, the company raised prices of some Model Y in China marking it the second raise since January; also, the Model Y was announced sold out in U.S. with no more production expected until April.
CEO Elon Musk is likely to reveal further details about its nex-gen vehicle platforms at its Investor Day scheduled for Wednesday to be held at its Gigafactory in Texas.
It also plans to discuss long-term expansion plans, capital allocation and other subjects; YTD, the stock has gained 90.3%.
A Tesla Investor Day preview here.