Tesla's new vehicle platform will be more cost effective and will require half the effort to produce it. In addition, it will surpass the production of all of its other current vehicles combined, the company said.
Customers, investors, and Tesla fans have been waiting for some time for the company to introduce a new vehicle that will be cheaper than the current ones. Obviously, this will be a new platform, different from the current one, on the basis of which the Model 3 and Model Y are produced. Tesla shared some thoughts on this, which gave a general idea of the company's work in this direction.
During the Q3 2022 Earnings Call, Tesla was asked about potential next-generation vehicle developments. Particular emphasis was placed on reducing the cost of the new platform. So when moving from the Model S/X platform to the Model 3/Y platform, the cost of production fell sharply. This took the company to a whole new level, as cars became available to a large number of consumers and was the beginning of a truly massive market transition to electric vehicles. Now investors await the next transition.
Tesla executives said that the transition to a new platform will take place when it becomes possible to reduce the overall cost of production, not only financial, but also effort costs. The company expects that in the time it takes to produce one Model 3, it will be able to produce two vehicles on the new platform. This, in turn, will also mean that production will use half the factory floor space of what is currently in use. The new platform will certainly be smaller than Model 3/Y, and the new generation vehicle will be produced in quantities that will surpass the production of the entire current line of Tesla vehicles combined. For its production, Tesla will tap into all the knowledge and experience gained during the design and production of Model S, X, 3, Y, Cybertruck, and Semi.
“I mean, obviously, we're going to take everything we learned from S, X, 3, Y, Cybertruck and Semi and forward into that platform. But we -- as you've said to us many times, we're on a 2-for-1 target. So, we're trying to get to that 50% number again. It's like, we're going to take two,” Musk said.
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