Tesla’s goal is to reduce the complexity and number of components required to manufacture the sedan. Redesign may include changes to the car’s exterior and interior performance.
The project is also said to be based on the refresh of the Tesla 2021 Model S. However, it is unknown whether the redesigned Model 3 will have the controversial steering yoke found on its more expensive sibling.
Reuters reports that the company’s Shanghai Gigafactory will begin producing the new Model 3 in the third quarter of 2023. The company’s Fremont plant will also produce the redesigned sedan.
It’s unclear how much Tesla expects to save on the new Model 3, or whether the company is passing the cost savings on to consumers. The company currently makes a profit of about $9,500 for every car it produces. Nor does Reuters mention whether the refresh will include the automaker’s next-generation 4680 battery cells. In 2020, Elon Musk said the new battery design would enable Tesla to produce a $25,000 electric car within three years.
Even if the 2023 timeline is correct, it is a fact that history can change at any moment. When we look at the recent times, everyone now knows that Tesla does not adhere to the delivery dates.
For example, when he first announced the Cybertruck, Elon Musk said that mass production would begin in 2021. This date shifted to 2022 and then to 2023.