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This move indicates Tesla's confidence in the Model 3 Plus platform and its success in expanding options for consumers. By adding more variants—particularly those emphasizing range—the company is looking to maintain its competitive edge in the highly popular SUV segment. The new Model Y is expected to be a five-seat vehicle, which aligns with Tesla’s focus on practical, family-friendly vehicles.
Innovations in Tesla’s Battery Strategy and Model Lineup
Tesla seems to be favoring economies of scale by using LG battery cells in the Model Y Plus, mirroring the battery architecture of the Model 3 Plus. This strategy aims to streamline manufacturing processes, reduce costs, and enhance overall efficiency.