After 3 weeks, June ends, and this means that Tesla will close the quarter. Since the Tesla factory was closed throughout April and part of May, the company is now ramping up production so that by the end of 2Q as many customers as possible get their cars.
One of Tesmanian’s friends, @PJHORNAK / Twitter, shared with us photos showing the truck that Model Y is carrying. The photos were taken in New Jersey, so soon Tesla’s local customers will receive their highly anticipated Model Y.
Source: @PJHORNAK / Twitter
Tesla Model Y reservation holders have been receiving their VINs. Reports of a new wave of Model Y VINs started in the first week of June, the last month of Q2 2020. The increasing amount of reservations holders reporting that they have received their VINs. This suggests that Tesla preparing for another quarter-end push.
Also, soon Tesla’s happy customers in Canada will begin to receive their Model Y. On June 3, a Tesla employee confirmed that deliveries will begin “in the next few weeks”, but the exact date has not yet been announced.
At the moment, for the US, the delivery date of the just ordered Model Y, regardless of version, is from 4 to 8 weeks. This means that Tesla already delivers all manufactured in 2Q 2020 Model Ys to its client and orders made now will be delivered only in 3Q.
There is every reason to believe that Tesla is actively expanding production at its plant in Fremont, California. According to the public records of the City of Fremont, Tesla filed a planning project named GA4.5 Expansion for its Fremont factory. At the moment, Tesla has not confirmed that this assembly line is intended for the production of Model Y, but everything points to this.
Tesla’s dedicated Model Y assembly line was mentioned in early 2019 when the company started preparing to produce its all-electric SUV crossover. Elon Musk and Jerome Guillen talked a bit about certain changes Fremont was undergoing for Model Y activity during Tesla’s Q2 2019 Earnings Call.
Once the assembly line is completed, Tesla will be able to quickly ramp up production and, accordingly, sales of a compact electric SUV.
Despite the fact that 2Q will be difficult for all automakers, Tesla will be able to achieve good performance thanks to its Giga Shanghai, which continued to increase production this quarter. Tesla China even managed to start deliveries for the MIC Model 3 Long Range RWD ahead of schedule.