Production starts in 2025
Tesla announced that it is changing its production plan to quickly release lower-cost electric vehicles that will be produced on existing production lines.
Tesla is working on its «next-generation vehicle platform», which is expected to use a new manufacturing process called unboxed, which will allow the production of cheaper electric vehicles.
The automaker has previously talked about two future vehicles on the platform: the $25,000 Model 2 and the Tesla Robotaxi, a new car built from the ground up for autonomous driving. Reuters recently reported that “Tesla has canceled the release of a long-promised low-cost car.” CEO Elon Musk called it a lie.
«We have updated our future vehicle lineup to accelerate the launch of new models ahead of our previously announced production start in the second half of 2025», — Musk said. Previously, Musk announced plans to produce next-generation cars by the end of 2025.
These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same production lines as our current lineup of vehicles. This update may result in smaller cost reductions than previously expected, but will allow us to intelligently grow vehicle sales in a more efficient manner during a period of uncertainty. This will help us fully utilize our current expected maximum capacity of approximately three million vehicles, allowing us to increase production by more than 50% compared to 2023, before investing in new production lines.
Elon Musk
Musk previously said that Tesla plans to introduce its new robotaxi on August 8th. This car must use the manufacturing process unboxed.
Tesla previously published its financial results for the first quarter of 2024. The company failed to meet the expectations of investors and Wall Street analysts, but the shares rose.
«If anyone doesn't believe Tesla is going to solve the self-driving problem, they shouldn't be an investor in the company», — added the billionaire.