Tesla’s highly anticipated Investor Day was full of surprises! Read all about Elon Musk’s big reveal of the $25,000 Tesla update in this article.
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According to the Reuters article, Tesla engineers told investors on Wednesday that the company plans to cut assembly costs by half in future generations of cars. However, Elon Musk did not reveal when the company’s much-awaited affordable electric vehicle will debut.
According to the executives, Tesla’s next-generation platform will include multiple vehicles built in standardized factories, but Elon Musk did not reveal any details about the specific models. The company’s CFO, Zach Kirkhorn, and other executives emphasized the importance of reducing production costs.
Kirkhorn estimated that Tesla would need to invest six times more than it has so far to reach its long-term goal of increasing production to 20 million vehicles per year by 2030, a tenfold increase from current capacity. He added that this could cost the company $175 billion.
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Tesla’s third act and their new vehicle platform.
Tesla’s next generation vehicle platform is aimed at increasing efficiency, reducing complexity, and ultimately reducing the cost of manufacturing electric vehicles. The new platform will be used to produce a wide range of vehicles, from the affordable Model 3 to the luxury Model S and Model X.
One of the key features of the new platform is the Giga casting process, which involves casting large, complex parts of the car body in a single piece. This allows for a reduction in manufacturing steps and a significant reduction in the size of the manufacturing footprint.
Tesla is also developing a new power electronic system that will reduce the number of silicon transistors by 75 percent and eliminate the use of rare earth materials in their permanent magnet motor. This will allow the powertrain to run on any available battery chemistry, making it more adaptable to different markets and regions.
Additionally, Tesla has designed 85 percent of the microcontrollers in-house, which has simplified the overall design and reduced the weight of the wiring harness. This has allowed Tesla to increase the low voltage power system from 12 to 48 volts, which will improve the efficiency and performance of their vehicles.
Overall, Tesla’s new vehicle platform is aimed at making electric vehicles more affordable and accessible to a wider range of consumers, while also improving their performance and reducing their environmental impact.
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Tesla quietly introduced the Model 2 with a starting price of $26,000
It appears that Tesla has introduced a new affordable electric vehicle, the Model 2, which is expected to have a sticker price well below $30,000. According to Tesla’s 2021 Impact Report, the Model 3 will cost about 63 cents/mile to operate, which suggests that the Model 2’s sticker price should be around $26,000.
Tesla plans to use LFP batteries for the Model 2, which have a long life and allow the full 100% range to be used. The new car is not expected to be much worse than the original Model 3, and Tesla plans to make money by offering fancier software rather than fancier hardware. A van is also reportedly in Tesla’s plans.
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