Identical drivetrain, slightly bigger coach/interior, 10% higher price, that should bring better margins than Model 3!
Stand by for loads of Model 3 owners to get a Model Y in stead asap. Especially the ones who didn't buy a performance one, as those were bought more for performance than utility I'm sure.
New Tesla buyers will likely opt for Model Y as it will be much more practical not having a groundbreakingly awkward letterbox and being the more popular high stance type of car.
From say 8,000/wk Model 3 by the time Model Y hits, I would not be surprised for demand to shift quickly towards 3,000 Model 3 / 7,000 Model Y.
UNLESS Tesla can find it in their heart to make Model 3 more what actual car owners actually want in a car. No omitted instrument cluster ($200 cost saving but I'd want a $2000+ discount to lose it). Hatchback for actual practicality. Estate for travel and dogs, etc. Tow hitch. WHY can't Tesla make the cars people want, but try and inspire only by omitting key elements? How many presses on the screen to open the glove box? 3 years after unveiling, it's still not a driverless taxi that needs a vault. And it will not be for at least a few more years. Design too far ahead of its time. I sincerely hope Model Y will feel more like a smaller X than a taller 3. It may end up crucial for survival.
Model 3 has been on the market for almost 2 years now and none of the customer concerns seem to have been addressed. Tesla seems very rigid. Shouldn't a startup adjust quickly to what the market tells them?
I think Model 3 will need to keep dropping in price. While adding options people will want to buy. Like an instrument cluster or HUD. It would cool, people will definitely pay up for that. They even pay up for uncomfortable wheels that make road trips last longer and louder and charging less straightforward due to increased consumption.
An estate version with proper towing capacity would really make a difference in Europe. Perhaps a shorter range one than Standard Range. Like today, Model X doesn't get a small battery, Model S does.
Model 3 as-is will not become a huge seller in Europe. Initially, sure, it will top some lists as 3 year old reservations are fulfilled. But if the Polestar 2 is more luxurious, more practical and a lower price...going Tesla will not be the default decision. And Polestar will be just one of many within 2 years time.
The new SEAT may be very compelling, as will be it's VW ID big sister. And so on...