Tesla stated in the present day that it stays on observe to supply and launch “extra reasonably priced fashions” within the first half of subsequent 12 months, however it shared no new particulars on after we would possibly anticipate to listen to extra.
For a number of years now, Tesla has been teasing everybody with the promise of extra reasonably priced fashions.
Whereas the Tesla Mannequin 3 is fairly moderately priced, many have been ready for a promised $25,000 mannequin, which many had taken to calling the “Mannequin 2.”
Tesla was supposedly going to pursue a brand new revolutionary “unboxed” manufacturing technique to get prices down for the longer term automobile, to allow this cheaper price.
Nonetheless, earlier this 12 months Tesla CEO Elon Musk refocused the corporate’s efforts on its recently-announced and a lot–delayed Robotaxi product and cancelled plans for a $25,000 automobile, as first reported by Reuters and denied by Musk. Reuters was later proven to be right in its report.
However even after that, Tesla has continued to state that it’s pursuing “extra reasonably priced fashions,” with little further element obtainable.
In in the present day’s earnings report, Tesla reiterated steerage stating that it nonetheless plans a extra reasonably priced mannequin within the coming months, however that it received’t be practically as revolutionary as initially deliberate.
Right here’s the passage:
Plans for brand new autos, together with extra reasonably priced fashions, stay on observe for begin of manufacturing within the first half of 2025. These autos will make the most of facets of the subsequent technology platform in addition to facets of our present platforms and can be capable of be produced on the identical manufacturing strains as our present automobile line-up.
This strategy will lead to attaining much less value discount than beforehand anticipated however permits us to prudently develop our automobile volumes in a extra capex environment friendly method throughout unsure instances. This could assist us absolutely make the most of our present anticipated most capability of shut to 3 million autos, enabling greater than 50% development over 2023 manufacturing earlier than investing in new manufacturing strains.
Our purpose-built Robotaxi product will proceed to pursue a revolutionary “unboxed” manufacturing technique.
This passage is definitely precisely the identical as what appeared in Tesla’s Q2 earnings, simply shifted ahead in time three months.
Elsewhere within the report, Tesla states that its “Subsequent Gen Platform” remains to be “In improvement,” for manufacturing in varied areas around the globe. Tesla presently operates automobile manufacturing amenities in California, Texas, Shanghai and Berlin.
Electrek’s Take
If Tesla’s timeline is to be believed, this new mannequin is coming in lower than 8 months. Whereas it’s not not possible that an organization can develop a mannequin in secret and get it on the highway inside 8 months of the general public studying about it, we’ve by no means seen a brand new Tesla mannequin go from introduction to manufacturing wherever close to that rapidly.
It’s way more frequent for Tesla to maintain an enormous launch occasion after which launch the automobile to the general public a few years later (generally with huge supply delays for sure specs or sure patrons).
Even refreshes often have information leaked months upfront. We’ve seen a refreshed Mannequin Y driving round with what appears to be like like a extra Mannequin 3 highland-like entrance finish, and lately heard rumors that the Mannequin Y refresh goes into trial manufacturing in Shanghai this week.
That refresh seemingly wouldn’t make it into the market till early subsequent 12 months, particularly in North America, if manufacturing is beginning in Shanghai first.
It’s virtually sufficient to make us marvel – is this the “extra reasonably priced” mannequin that Tesla has been speaking about all this time? Only a refreshed Mannequin Y, maybe with course of enhancements that can allow Tesla to push the value down some?
In that case, that will be fairly disappointing. A refresh isn’t actually a brand new mannequin, and it’s unlikely to interrupt any new floor when it comes to changing into the lowest-priced Tesla ever (since we are able to’t think about they’d value the Mannequin Y decrease than the Mannequin 3).
And in the event that they’re not speaking concerning the refresh, and certainly are speaking about an precise new mannequin – that simply provides one other product to Tesla’s mind-numbingly-crowded “subsequent 12 months,” the place Musk has acknowledged that the corporate will change the world in 6 – depend ’em, six – methods.
We definitely hope a brand new cheaper mannequin is coming, particularly as Tesla’s choices (minus the polarizing Cybertruck) have turn into a bit bit stale. It might assist drive extra EV adoption by reaching a brand new cheaper price level, might change perceptions of Tesla as a luxury-only automobile model, and will even usher in new clients for Mannequin 3/Y who had beforehand been turned off by that notion of Teslas as being “too costly” (regardless of, e.g., fairly enticing lease offers).
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