Production of the cheaper Model Y actually began in June, although full capacity won't ramp up until later in the year. It ought to go on sale in Q4, according to Tesla, and you know that when Tesla gives you a date, you can take that to the bank. No word on what the new Model Y will (or, rather, won't) feature.

Tesla has said it will build cheaper cars and win approval for its self-driving software in Europe this year after seeing sales fall at the sharpest rate in at least a decade.