Tesla reportedly planning major revamp for Model Y

2024 could see Tesla unveiling a new and improved Model Y.

According to Bloomberg, Tesla is preparing its Shanghai factory to start producing a refreshed Model Y in mid-2024.

The EV may have already received an update in October, but these refresh will come with much more significant changes inside and out, apparently.

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Although details on these changes are scarce, you only have to look to the Model 3 redesign last year for clues as to what the Model Y redesign might look like.

In Europe, Tesla gave the Model 3 a sportier look, with a sleeker front end and a more luxurious interior, including a new ambient lighting system across the dash.

A few months ago, LaMianDesign shared 3D render images they’d created of a ‘refreshed’ Model Y on X, and it actually looks great.

The Model Y has gained significant popularity since it went on sale in 2020.

And it gained even more mass appeal last year when Tesla quietly rolled out a more affordable base model.

Last summer, the Model Y was one of the best EV deals on the market, with a cost of around $36,490 when factoring in a $7,500 federal tax credit.

That didn’t prevent Tesla CEO Elon Musk from facing pressure from investors to refresh the automaker’s aging lineup.

It’s the industry norm to refresh designs very few years, however, Musk’s approach differs.

Instead he seems to roll out entirely new cars like the Model 3 in 2017, the Model Y in 2020, and the Cybertruck last month.

But Tesla is slowly – but surely – starting to resemble a regular automaker.

That includes making things the company previously never used to do – like redesigns and discounts – more commonplace.

Obviously, this is welcomed by the company’s investors, although they’re not entirely pleased with Musk’s antics, particularly at his social media company, X.