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According to reports, Tesla is developing a new Model 3 to lower production costs and broaden the appeal of the five-year-old electric vehicle.

However, there is still room for improvement in terms of both production-related adjustments and advancements in both technology and appearance.

According to Reuters, which cites four sources, one goal of the makeover for the Tesla Model 3,

which is being worked on under the codename "Highland," is to further simplify and simplify the inside. 

However, the insiders claim that the business also wants to concentrate on

"features that Tesla consumers appreciate." Model S and Model X will serve as

the foundation for the updated Model 3's design.