The Model Y has overtaken popular cars in sales, and is currently Tesla’s most popular vehicle. Given historical automotive trends, it’s possible that Tesla will refresh the Model Y within the next year or so.
However, it’s important to note that Tesla has stated that a Model Y refresh will not be launched in North America until at least 2024. This decision may have been influenced by customer feedback, as some potential buyers are waiting for a refresh before placing their orders.
In the automotive industry, it is common for vehicles to receive updates every 4-7 years. However, Tesla doesn’t always adhere to traditional timelines, as seen with the Model 3.
The Model Y was released in early 2020 and has rapidly gained popularity, potentially making it a candidate for a refresh in the near future. It’s worth noting that the Model Y currently holds a strong position in the market, surpassing popular models like the Toyota RAV4 and Corolla.
Refreshing the Model Y at its current peak may not make sense from a business perspective. Similarly, other popular cars like the Honda Civic have followed a timeframe of 4-7 years for updates, with the most common interval being five years between generations.
This historical context could provide insights into Tesla’s approach to updating the Model Y. In a message to employees, Tesla acknowledged that customers are eagerly awaiting a potential Model Y refresh, akin to the update seen with the Model 3.
This suggests that there is strong anticipation and interest in an updated version of the Model Y.