Tesla, according to media reports, is working on a redesigned Model 3. Highland is the codename for the updated Tesla Model 3.

The Model 3 is expected to be based on the 2021 Model S.

Tesla has yet to confirm whether the new model will receive the contentious 'yoke steering' from its more expensive sibling.

According to reports, the new Tesla Model 3 will be produced at both the company's Shanghai Gigafactory and its Freemont facility.

Production is expected to begin in the third quarter of 2023.

 However, reports do not specify how much Tesla will save in production costs as a result of the redesign, or whether the benefits will be passed on to customers.

The redesign isn't limited to the underpinnings, as reports indicate that the car's exterior, interior, and powertrain performance will all be improved.

It is also unclear whether the upcoming Tesla Model 3 will use the company's next-generation 4680 battery cells.