Tesla stated right this moment that it stays on monitor to supply and launch “extra reasonably priced fashions” within the first half of subsequent yr, nevertheless it 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 reasonably priced 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 long run automobile, to allow this cheaper price.
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 reasonably priced fashions,” with little extra element accessible.
In right this moment’s earnings report, Tesla reiterated steering stating that it nonetheless plans a extra reasonably priced 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 reasonably priced fashions, stay on monitor for begin of manufacturing within the first half of 2025. These autos will make the most of points of the following era platform in addition to points of our present platforms and can be capable to be produced on the identical manufacturing strains as our present automobile line-up.
This method will end in attaining 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 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” continues to be “In growth,” for manufacturing in numerous areas around the globe. Tesla at the moment 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 now have by no means seen a brand new Tesla mannequin go from introduction to manufacturing anyplace close to that rapidly.
It’s far more widespread for Tesla to maintain an enormous launch occasion after which launch the automobile to the general public a few years later (typically with large supply delays for sure specs or sure patrons).
Even refreshes normally have information leaked months prematurely. We’ve seen a refreshed Mannequin Y driving round with what seems to be 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 probably 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 reasonably priced” mannequin that Tesla has been speaking about all this time? Only a refreshed Mannequin Y, maybe with course of enhancements that may allow Tesla to push the worth down some?
If that’s the case, that will 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 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 yr,” the place Musk has acknowledged 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 a bit of bit stale. It may assist drive extra EV adoption by reaching a brand new cheaper price level, may change perceptions of Tesla as a luxury-only automobile model, and will even usher in 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).
And specifically, it stays disappointing that Musk has chosen to concentrate on a pie-in-the-sky Robotaxi (which is not going to be accessible “subsequent yr,” for the tenth-or-so yr he’s stated it is going to 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 nice, however we’ll stay unconvinced till Tesla shares extra particulars.
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