Elon Musk has confirmed that the “next generation of low-cost” Tesla EVs are in development and said he is “optimistic” they will arrive in late 2025. financial statement yesterday. He also promised an “innovative manufacturing system” for the vehicle, which is far more advanced by “significant margins” than any other vehicle in the world.
From yesterday’s article Reuters He suggested that the new vehicle will be a small crossover with the code name “Redwood.” Tesla reportedly sent out requests for quotes to suppliers and predicted weekly production of 10,000 cars. Musk previously said the automaker is working on two new EV models that together could sell up to 5 million units a year.
“The current schedule is for production to begin in the second half of 2025, at the end of 2025,” he said on a conference call. The vehicle will be built first at Tesla’s Gigafactory in Austin, Texas, and then in other locations around the world. “We’re essentially going to stay overnight,” Musk said, hinting that there would be a strong push for more Congress.
In line with official guidance, we achieved a record production and delivery of over 1.8 million vehicles. And in the fourth quarter, it was producing vehicles at an annualized operating rate of nearly 2 million vehicles per year. And people are often surprised that North America’s busiest car factory is located in the San Francisco Bay Area.
Musk said the company’s new manufacturing technology is “very difficult to imitate,” saying, “You have to copy the machines that make machines…start manufacturing.” He added that, as in the past, new lines may start slowly before production ramps up significantly.
But he warned shareholders that sales growth in 2024 will be “significantly lower” as the wave of Model 3 and Model Y sales subsides. The company predicted a second wave of sales starting in 2025 with the arrival of next-generation vehicles.
Musk also touched on Tesla’s FSD (Full Self-Driving) progress, noting that other car companies “should seek FSD licenses,” adding that the reasons for that “will probably become clear this year.” Ta. However, Musk has previously made similar rosy predictions for FSD, which remains a Level 2 capability. Meanwhile, his rival Mercedes-Benz recently received Level 3 approval in the US.
As Musk himself admitted, production forecasts “need to be taken with a certain amount of weight because I’m often optimistic about time.” He was accurate when he said the Model 3 would arrive in his 2017, but was wildly wrong about the $35,000 price (the Model 3 debuted at just under $50,000 in his year, Tesla’s (He only sold his $35,000 model for a short time). Given that history, the next generation model may arrive on time, but it may take some time for prices to come down.
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