Want CNET to notify you of price drops and the latest stories?

Tesla Working on Model 3 Redesign, Report Says

The goal of the redesign is to reportedly reduce the number of components and complexity.

Imad Khan Senior Reporter
Imad is a senior reporter covering Google and internet culture. Hailing from Texas, Imad started his journalism career in 2013 and has amassed bylines with The New York Times, The Washington Post, ESPN, Tom's Guide and Wired, among others. He also hosts FTW with Imad Khan, an esports news podcast in association with Dot Esports.
Expertise Google, Internet Culture
Imad Khan
Tesla Alaska Testing Facility

Tesla Model 3 to reportedly getting a redesign.

Nick Miotke/Roadshow

Tesla is looking to redesign the Model 3 in an effort to cut production costs by reducing the number of components and overall complexity, according to a report from Reuters on Monday.

The redesign, codenamed Highland, will focus on things buyers care about most, which includes the display and performance, according to four people who spoke anonymously to Reuters. They also said Highland would go intro production in the third quarter of 2023 at Tesla's factories in Fremont, California, and Shanghai, China.

Tesla couldn't be reached for comment as owner Elon Musk disbanded the company's media relations department in 2020.

The Tesla Model 3 is the company's cheapest car, starting at $46,990. It's also ranks No. 2 on the best-selling electric vehicles in the US, being beaten out by Tesla's larger Model Y. But with increased competition from Ford, Kia and just about every other automaker, the EV space is giving consumers more options. Not only is Tesla stock facing competition pressure, but Musk's $44 billion purchase of Twitter earlier this month, as well as how he's been handling the social media platform

since taking over, is making investors uneasy. Tesla stock was down 50% after his purchase of Twitter.

The redesigned Model 3 will reportedly borrow from the Model S revamp from last year. This will include the airplane-style yoke steering wheel and fewer buttons.