However, to understand why this may become the case, we have to look back at Tesla's storied history. It's important to understand why the automaker has not yet been consistently profitable, how the Model 3 impacted the situation, and why the Model Y has the potential to really seal the deal.
It took many years for Tesla to get to the point that it could offer an EV for the masses. It has proven with its Model 3 that it can outsell rivals and lead to profitable quarters. With the said, it's a sedan, and sedans just aren't all the rage in the U.S. these days.
The Model Y is exceedingly similar to the Model 3, except it sits a bit higher, has more interior space, offers three rows, and is classified as a crossover. Americans have proven that they have a thing for crossovers, so the Model Y should sell much better than the Model 3.
Redline Reviews estimates that Tesla could easily double its annual revenue due to Model Y sales. What do you think? Leave us your opinion in the comment section below.
Video Description via Redline Reviews on YouTube:
Will The Model Y Finally Make Tesla Profitable?
With the 2021 #TeslaModelY beginning deliveries on March 15th, #Tesla must do everything it can to build as much as possible. With the Model 3 being such a huge success as a sedan, the new #ModelY takes everything we like about the #Model3 and adds the additional space, seating, ride height, and cargo capacity that so many consumers demand in this SUV hungry world. With up to 315 miles of range, 0-60 in 3.5 seconds, and a starting price of around $40,000 dollars, Tesla expects global sales of the Model Y to exceed the Model S, Model X, and Model 3 all together. With so many consumers wanting a compact crossover, we expect the new Model Y to be the game changing vehicle that finally allows Tesla to start making some money after years of losses.