Tesla CEO Elon Musk said the automaker’s next vehicle platform will outrun Model 3 and Model Y production, cost about half the cost of the Model 3 and Model Y platforms, and be smaller.
Musk and other Tesla executives were asked about any potential development of the next generation of Tesla vehicles. The question mentioned the dramatic drop in cost from the Model S and Model X platform to the Model 3 and Model Y platform. The Model 3 and Model Y have taken Tesla’s electric vehicles to affordability levels of mass, which really triggered the start of the transition to electric vehicles.
The Model 3 and Model Y are Tesla’s best-selling vehicles, accounting for 95% of the company’s total delivery mix for the third quarter, according to data from the automaker.
The retail investor asked if Tesla’s third platform has an expected release date, as well as what the company expects in terms of total cost reduction.
Earlier in the call, Tesla executives responding to questions on the third-quarter earnings call scoffed at the idea of revealing future vehicle development timelines and roadmap plans. vehicles. Musk said the company was still moving forward with developments but was unwilling to give specific details.
However, more colors were offered by the Tesla CEO when asked about the company’s third vehicle platform.
It will overtake the production of Tesla Model 3 and Model Y
![tesla model y production](https://oponame.com/wp-content/uploads/2022/10/Tesla-unveils-new-details-about-its-next-vehicle-platform.jpg)
Tesla Model Y production at Gigafactory Texas. (Tesla)
Musk said the third-generation Tesla vehicle would be produced in quantities that would surpass the Model 3 and Model Y. In fact, it would exceed the manufacturing of all other Tesla vehicles combined.
This may be due to the size of the vehicle, which we will come to later. However, it’s a true testament to Musk’s belief in the making of Tesla. With the use of one-piece castings, the Giga press, and other manufacturing techniques, Tesla truly surpasses many companies in manufacturing efficiency. However, the company still struggles with the build quality of its cars, which has been an issue for several years.
“Tesla will be head and shoulders above everyone else in manufacturing, that’s our goal.” -Elon Musk
Tesla’s current annual production capacity is estimated at around 1.9 million units. This figure is reflected in the shareholder file for the third quarter of 2022, which was published on October 19.
It will be about half the cost of the Tesla Model 3 and Model Y platform
Tesla’s goals reflected in Elon Musk’s master plan revealed a trickle-down pricing strategy that would ultimately see premium-priced vehicles fund projects for more affordable cars down the line. The 2008 Roadster led to the Model S and Model X, which led to the Model 3 and Model Y.
Each vehicle chapter has become more affordable, which has helped accelerate the adoption of electric vehicles. Musk has confirmed that the next vehicle platform will cost about half the cost of the Model 3 and Model Y, citing flashbacks to the rumored $25,000 Tesla.
![tesla model 3](https://oponame.com/wp-content/uploads/2022/10/1666225022_801_Tesla-unveils-new-details-about-its-next-vehicle-platform.jpg)
Elon Musk unveils the Model 3 in March 2016
Musk neither confirmed nor denied that Tesla was developing a $25,000 model during the fourth quarter and full year 2021 earnings call in January. However, he confirmed on the Q3 call that the next vehicle platform is “the primary focus of the vehicle development team.”
The next vehicle should also be used as a fully autonomous Robotaxi, which is still a few years away. However, the vehicle is unlikely to arrive within two years as Tesla is focused on increasing manufacturing and production of Cybertruck semi-trucks, which it aims to reach 50,000 by 2024.
This will be Tesla’s smallest vehicle
Musk said the new vehicle platform would also be smaller, as it would also help reduce the overall cost of the vehicle.
However, projections of what the $25,000 model would look like are generally smaller and more compact than the Model 3.
![$25,000 Tesla model](https://oponame.com/wp-content/uploads/2022/10/Tesla-unveils-new-details-about-its-next-vehicle-platform.jpeg)
Credit: Alwinart/Twitter
While not officially Tesla designs, what’s pictured above is likely a similar size to what the company will bring to the table for the $25,000 model. Cost reduction can start with the overall dimensions of the vehicle, which will significantly reduce costs. However, the real reduction comes from developing new batteries and scaling up production. Musk also detailed on the third quarter earnings call that he still sees a path to a potential cell of $70 per kWh, which is 30% cheaper than the projected “price parity” number. which sits at $100 per kWh. This, in theory, would bring electric vehicles to the same price as gasoline-powered cars.
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