Tesla is expected to begin delivering its cross-border SUV Model Y in the first quarter of 2020, according to a Deutsche Bank study Tuesday. If Tesla can start delivering model Y in the first quarter of 2020, that would be a full quarter ahead of the timetable promised by Elon Musk, the company’s chief executive. Early production and delivery would be a symbolic victory for the company, which usually cannot meet its own delivery deadlines.
On Tuesday, deutsche bank analysts cited a report by Tesla’s Taiwan supplier, which told a newspaper that they were speeding up orders for parts of model Y and the upcoming Semi semi-trailer.
Emmanuel Rosner, senior automotive and automotive technology analyst at Deutsche Bank, wrote:
The report from Model Y Taiwan parts suppliers said Tesla had asked them to deliver orders much earlier than expected. Taiwanese suppliers have hinted that Tesla is speeding up orders, which will enter mass production exactly six months ahead of schedule. This means Model Y is likely to be delivered in the first quarter of next year. The supplier also claims that orders for parts for semi-trailers are also accelerating, with the model set to go on sale in limited quantities sometime next year. “
On a third-quarter earnings conference call, Musk told shareholders:
“The Model Y preparations in Fremont have also been advanced, and we have moved the release schedule forward to the summer of 2020. There may be some room for improvement, but we are confident in the summer 2020 timetable. “
He added: “Actually, I recently tested the Model Y prototype and thought it would be a great product and would be widely welcomed.” I think model Y is better than the Model S, Model X and Model 3 combined. This is just my personal opinion. “
However, he declined to give further details about the number of pre-orders for Model Y.