Tesla mentioned right this moment that it stays on observe to supply and launch “extra inexpensive fashions” within the first half of subsequent 12 months, but it surely shared no new particulars on after we may count on to listen to extra.
For a number of years now, Tesla has been teasing everybody with the promise of extra inexpensive fashions.
Whereas the Tesla Mannequin 3 is fairly fairly 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 lower cost.
Nevertheless, 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 inexpensive fashions,” with little further element accessible.
In right this moment’s earnings report, Tesla reiterated steerage stating that it nonetheless plans a extra inexpensive mannequin within the coming months, however that it gained’t be almost as revolutionary as initially deliberate.
Right here’s the passage:
Plans for brand new autos, together with extra inexpensive fashions, stay on observe for begin of manufacturing within the first half of 2025. These autos will make the most of elements of the subsequent era platform in addition to elements of our present platforms and can be capable to be produced on the identical manufacturing traces as our present automobile line-up.
This method will end in attaining much less value discount than beforehand anticipated however allows us to prudently develop our automobile volumes in a extra capex environment friendly method throughout unsure occasions. 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 traces.
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” continues to be “In growth,” for manufacturing in varied areas all over the world. Tesla at present 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 unimaginable 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 got by no means seen a brand new Tesla mannequin go from introduction to manufacturing anyplace close to that shortly.
It’s far more frequent for Tesla to maintain an enormous launch occasion after which launch the automobile to the general public a few years later (typically with huge supply delays for sure specs or sure consumers).
Even refreshes often have information leaked months prematurely. We’ve seen a refreshed Mannequin Y driving round with what seems like a extra Mannequin 3 highland-like entrance finish, and just lately heard rumors that the Mannequin Y refresh goes into trial manufacturing in Shanghai this week.
That refresh possible 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 nearly sufficient to make us marvel – is this the “extra inexpensive” 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 worth down some?
In that case, that may 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 turning 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 in regards to 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 actually hope a brand new cheaper mannequin is coming, particularly as Tesla’s choices (minus the polarizing Cybertruck) have turn into somewhat bit stale. It may assist drive extra EV adoption by reaching a brand new lower cost level, may change perceptions of Tesla as a luxury-only automobile model, and will even herald new prospects for Mannequin 3/Y who had beforehand been turned off by that notion of Teslas as being “too costly” (regardless of, e.g., fairly engaging lease offers).
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