Tesla stated right this moment that it stays on observe to supply and launch “extra inexpensive fashions” within the first half of subsequent yr, however it shared no new particulars on after we may anticipate 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 methodology to get prices down for the long run automobile, to allow this lower cost.
Nevertheless, earlier this yr 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 obtainable.
In right this moment’s earnings report, Tesla reiterated steering 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 spanking new automobiles, together with extra inexpensive fashions, stay on observe for begin of manufacturing within the first half of 2025. These automobiles will make the most of features of the following era platform in addition to features of our present platforms and can be capable of be produced on the identical manufacturing traces as our present automobile line-up.
This strategy will lead to reaching much less price discount than beforehand anticipated however permits us to prudently develop our automobile volumes in a extra capex environment friendly method throughout unsure occasions. This could assist us totally make the most of our present anticipated most capability of shut to a few million automobiles, 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 improvement,” for manufacturing in numerous areas all over the world. Tesla at present operates automobile manufacturing services 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 street 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 shortly.
It’s way more frequent for Tesla to maintain a giant launch occasion after which launch the automobile to the general public a few years later (generally with large supply delays for sure specs or sure consumers).
Even refreshes normally 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 not too long ago 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 yr, particularly in North America, if manufacturing is beginning in Shanghai first.
It’s virtually sufficient to make us surprise – 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 by way of turning into the lowest-priced Tesla ever (since we will’t think about they’d worth 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 yr,” the place Musk has said that the corporate will change the world in 6 – rely ’em, six – methods.
We definitely hope a brand new cheaper mannequin is coming, particularly as Tesla’s choices (minus the polarizing Cybertruck) have change into slightly 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 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).
And particularly, it stays disappointing that Musk has chosen to give attention to a pie-in-the-sky Robotaxi (which won’t be obtainable “subsequent yr,” for the tenth-or-so yr he’s stated will probably be), and numerous AI-buzzword nonsense, than what customers maintain asking for – a less expensive EV mannequin. Reiteration that Tesla is engaged on one is sweet, however we’ll stay unconvinced till Tesla shares extra particulars.
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