Tesla’s new generation electric car is a subcompact crossover, targeting production at 4 million per year: industry insider report
Tesla’s growth over the past few years has been built on the back of the Model 3 sedan and Model Y crossover. But for Tesla to reach its self-imposed goal of 20 million cars per year by the end of the decade, the company needs to come up with a lower-priced car that can be produced on a much larger scale than the Model 3 and Model 3. Y.
This car, if the company’s Investor House presentation is any indication, will be a next-generation car. Tesla’s next-generation car is expected to be produced at the Gigafactory in Mexico at a lower price than the Model 3 and Model Y. It will also be the product of several innovations that will make it easier and more cost-effective to manufacture.
Tesla tends to be very secretive about its future products, and the next-generation car is no exception. Only a few details about the car are known today, although a recent report from China may have provided some new insights into the upcoming car. Citing several industry insiders, the technology publication 36Kr It was recently claimed that Tesla is planning a significant production capacity map for its next-generation car.
“The lower-priced model is a smaller version of the Model Y. Tesla is building annual production capacity of 4 million units for it,” one of the publication’s sources reportedly noted.
If the comment from the publication’s source is accurate, Tesla’s next-generation vehicle could be a small crossover. This would be very interesting, as previous hints at the car’s design suggest that the affordable electric vehicle could be in the form of a compact car. However, the crossover market is very popular today, so the smaller, more expensive Model Y could prove a big hit.
Aside from the announced vehicle design, the Chinese publication’s sources also claimed that Tesla is planning an annual production capacity of 4 million units for the next-generation vehicle. This capacity will reportedly be distributed across Tesla’s numerous factories, with Giga Mexico taking the lion’s share of production at 2 million vehicles per year. On an annual basis, Giga Berlin and Giga Shanghai will reportedly produce around 1 million units of Tesla’s affordable vehicle each.
While an affordable Tesla electric car is exciting, the publication’s sources indicated that the vehicle is still more than a year away, at least depending on how quickly the Gigafactory Mexico can be built and launched. The next-gen car will likely be Tesla’s best and most difficult endeavor yet, just from the sheer scale and scale involved in producing the car. Fortunately, Tesla has a reputation for being a leader in cost optimization through technological innovation. This, ultimately, can help the company achieve its craziest goals.
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