Bernstein expects to get as many details as possible about the 3rd generation platform, which is due to be revealed during Tesla Investor Day on March 1. The firm does not expect to announce a car on the new platform during the event, but the information on the timing of its appearance is very important.
Bernstein believes that the most important topic for Tesla related to Investor Day, which will be held on March 1, 2023 at Giga Texas, is the status of its next-generation cheaper car platform. The firm is not expecting a product announcement, but analysts of the company would like to receive additional details about pricing, offerings, and especially timing, which is the most important for the future development of the company.
Earlier, Tesla CEO Elon Musk said that the new model will appear when a platform is developed that provides a low enough cost of production to sell it at a low price. This will ensure a significant increase in both production and sales because the car will become available to a wider range of consumers. Bernstein believes that even assuming that Tesla has a fully finished car design, it would still take 1.5 to 2 years for the company to begin deliveries of any meaningful volume.
In addition, the firm's analysts expect that, during Investor's Day, Tesla will discuss the expansion of its own 4680 battery production, Cybertruck's market entry strategy, expansion of the company's manufacturing facilities, energy storage growth, capital allocation, and the next-generation vehicle platform. All this is part of Musk's Master Plan 3, which will be presented during the event.
“As investor sentiment has rebounded, a new Tesla bull case has emerged arguing that Tesla has a durable structural cost advantage, which will allow it to capture outsized volume and dominate the EV market with favorable economics over the longer term,” Bernstein wrote.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.