The new Model 3 will have an updated exterior design and could enter production next year.
with insider details about a potential upcoming refresh are not surprising.
Rumors have swirled for quite a while that Tesla has been working on an update to the Model 3 codenamed"Highland," but thus far Tesla has not confirmed them. Despite that, four individuals with knowledge of the Highland project toldthat Tesla is getting ready to put the updated Mode 3 into production, and that it will feature new styling and other updates.
However, it won't be merely a cosmetic refresh. Tesla is taking a hard look at the Model 3's underpinnings to find ways to simplify production and use fewer interior components all in an effort to reduce cost. Despite recent reports that Tesla earns more profit per vehicle than Toyota, Tesla's stock has dropped by approximately 41 percent between September 2022 and November 2022.
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