When asked about the possible improvements in their next generation of electric cars, Tesla stated that the company’s next-gen EV will outperform the 3 and Y models in terms of production volume, cost, and size. Tesla’s electric vehicles became more affordable to the general public with the 3 and Y models, kicking off the shift to electric cars.
According to data from Tesla, the 3 and Y models are Tesla’s most popular EVs. Regarding whether Tesla’s next-gen EV has an anticipated date of release, as well as the total cost reduction, Tesla executives did not reveal the development timelines for future vehicles and their roadmap plans. Elon Musk stated that Tesla was continuously proceeding with innovations but refused to provide any specifics.
Tesla’s next-gen EV will outperform the 3 and Y models in production
Musk stated that the next-gen Tesla car would be built in greater volumes than the 3 and Y models. Indeed, it would surpass the production of all current Tesla automobiles. This might be because of the vehicle’s size, which is significantly smaller. It is, however, a real attestation to Musk’s faith in Tesla’s production. Tesla actually outperforms many firms in terms of production efficiency, thanks to the use of advanced manufacturing processes. Elon Musk asserted that Tesla’s ambition is to be ahead of its competition in production.
Tesla’s next-gen EV will cost 50% less than the 3 and Y models
Tesla’s strategy involves a unique pricing scheme that would eventually make the more expensive automobiles finance more improvements for cheaper cars across the board. The Roadster spawned the S and X models, which in turn spawned the 3 and Y models.
Every newer car segment got more inexpensive, accelerating the popularity of electric automobiles. Musk said that the next-gen EV will cost around half the price of the 3 and Y models. Musk did neither confirm nor deny that Tesla was working on a $25,000 model. He only affirmed that the next-gen electric car is the core focus of the production team. It is unlikely to arrive within the next two years since Tesla is focusing on increasing Semi and Cybertruck production.
The next-gen EV will be Tesla’s smallest car
Musk stated that the upcoming car platform will be lower in size, which would assist in reducing the overall production cost. This might begin with reducing the overall measurements of the EV, which will save substantial money. More savings, however, come from the development of better batteries and scale of manufacturing. Musk also stated that he continues to see a route to a possible $70 per kilowatt-hour cell, which is cheaper than the estimated $100 per kilowatt-hour. Theoretically, this would make EVs the same price as gas automobiles.
