In a shareholder meeting, Tesla CEO Elon Musk talks about Model Y, drops first teaser

At the annual shareholder meeting, Tesla CEO Elon Musk released a teaser about an upcoming all-electric crossover vehicle – Model Y.

According to the teaser, Model Y seems a lot bulkier and more strongly built than its previous models. Musk also said that Model Y – a future vehicle is all set to go into production in late 2019.

The CEO mentioned a big change coming in the new vehicle. Model Y will get rid of the 12- volt battery architecture, which means no more lead-acid battery and a different way to power in-car electronics. Musk says that it will reduce the overall wiring significantly and simplify the production process.

By the time Model Y gets into production, the huge Gigafactory that’s being built in the middle of Nevada desert would be fully operational. Musk, during the shareholder meeting, said that the batteries would be produced in the Gigafactories while the Model Y’s production would be set in a completely new factory. Tesla also stated that “it aims to build three to four Gigafactories across the globe very soon.”

Considering that the vehicle would be on a new platform, nothing is set at this point.