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Elon Musk has given a preview of Teslas new small SUV the Model Y as well as a nameless electric truck

Elon Musk has given a preview of Tesla's new small SUV - the Model Y - as well as a nameless electric truck

Elon Musk, Tesla’s chief executive, has given a preview of the company’s forthcoming small SUV - the Model Y – as well as a nameless electric truck.

During the company’s annual shareholder’s meeting, Musk released a teaser image of the Model Y which is due to become available in 2019 – 2020 as a follow on from their larger SUV, the Model X.

The Model Y will use a new platform, building on from the improvements made to existing models.

Musk also said that the Model 3 – Tesla’s first attempt at a mass-market EV – is due to begin production next month. Tesla is aiming to produce 5,000 Model 3’s per week by the end of the year and 10,000 per week in 2018.

The biggest challenge currently faced by Tesla will be meeting mass-market production, as they have encountered manufacturing delays with previous models, including the Model X SUV which was around 18 months late. Tesla blamed the delay on the complexity of the model, with their aim to making the Model 3 much simpler to produce.

Tesla have had no previous experience in producing vehicles in large volumes, making only 84,000 cars last year which, when compared to Volkswagen, Toyota and GM who routinely sell more than 10 million vehicles per year, is minuscule at best.

Once the Model 3 is on the road, Tesla will also have to combat servicing and charging issues. The company said they would increase their number of stores and service centres by 30% this year, however at the start of 2017 they had just 250 worldwide.

Tesla are also now seeking to break into the fright transportation sector, with their new semi-truck, however we will have to wait until the EV truck's unveiling in September to find out more about the vehicle.

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