Tesla plans to go smaller and extra reasonably priced for its subsequent technology of electrical autos, CEO Elon Musk has revealed.
Talking throughout a convention name on Tuesday following the discharge of Tesla’s third-quarter monetary outcomes, Musk mentioned the corporate was engaged on a next-generation platform designed for autos smaller than the Mannequin 3 and Mannequin Y.
He additionally mentioned the platform would price half what the platform of the Mannequin 3 and Mannequin Y prices, which factors to any automobile primarily based on it additionally being extra reasonably priced than the Mannequin 3 and Mannequin Y.
“At this level, we’re performed with the engineering for Cybertrucks and for Semi,” he mentioned. “So, it’s clearly what we’re engaged on, the next-generation automobile, which might be in all probability be about half the price of the three and Y platform. It will likely be smaller, to be clear.”
2022 Tesla Mannequin 3
Musk additionally predicted that manufacturing of autos on the brand new platform will exceed the mixed manufacturing of the remainder of Tesla’s lineup.
“However it would, I feel, definitely exceed the manufacturing of all our different autos mixed,” he mentioned. “I imply, clearly, we will take all the pieces we discovered from S, X, 3, Y, Cybertruck and Semi into that platform.”
Musk did not go into element about how Tesla will minimize prices however mentioned the corporate had a purpose to get the “effort” required to construct EVs on the next-gen platform to half what’s required for the Mannequin 3 and Mannequin Y.
The Mannequin 3 is probably the most reasonably priced Tesla at current, beginning at $48,490. As for the price for a future EV, Musk in 2020 mentioned Tesla might minimize prices through additional enhancements within the manufacturing course of coupled with cheaper battery chemistry, which might lead to an EV costing as little as $25,000. It is value mentioning that Musk initially mentioned the Mannequin 3 would begin at $35,000. A $35,000 Mannequin 3 was provided in 2019, although Tesla pulled it from sale after just a few months.