ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Tesla is working on new EV platform with lower cost

  • Post your comment
  • Comments (1)

Max McDee, 20 October 2022

Tesla

Last night’s earnings call from Tesla caused all sorts of ripples through the industry. Its shares are still nearly 6% down in the pre-market but there was a lot of good news and interesting announcements made during the call.

Elon Musk himself spoke of the next generation EV platform that the engineering team is already working on. Sometimes it’s hard to follow what’s the next big thing with Tesla, afterall Musk was promising a sub $25,000 electric car to be available by 2023 only to admit later that cheap cars weren’t in Tesla’s plans anymore and the company would focus on self-driving software and hardware instead.

Tesla is working on the next generation EV platform

Not so long ago, Musk again said that Tesla wasn’t focusing on cheaper cars and it was diverting its resources to the development of Optimus, the humanoid robot, and to ramping up the production of Model Y.

All that is clearly in the past now and yesterday Elon confirmed that the engineering team is in fact hard at work on the next generation EV platform. The new electric car, according to Musk, will be “probably about half the cost of the 3 and Y platform.” And just to hammer the message in, the CEO of Tesla finished off by saying that the new car will be smaller.

With the Cybertruck and Semi out of the way and ready for production, the engineering team is finally free to focus on developing new cars and new platforms, as long as they don’t get called away for some new, amazing venture in the shape of a robot or another flame thrower.

Tesla is working on the next generation EV platform

The cheapest Tesla Model 3 starts at $47,000 in the US and Tesla and its CEO are convinced they can develop another electric car that will cost half to manufacture and that will take half as much of the company's resources - space and labor.

Providing the company stays on track, it is good news. Tesla is notorious by now with changing plans, introducing new ideas and products. Or maybe, the company actually started to notice competitors going after the low-end of the market and wants the piece of the pie for itself? A little bit of greed as motivation seems to work wonders. At the same time it could just be another carrot Musk is dangling in front of investors to keep the share prices up while he’s offloading his portfolio to buy Twitter. Time, as always, will tell.

Source

Related articles
  • Tesla stretches the Model Y, adds third row in hope to revive sales in China Tesla stretches the Model Y, adds third row in hope to revive sales in China
  • Tesla finally launches in India with very expensive Model Y Tesla finally launches in India with very expensive Model Y
  • Grok AI arrives in Tesla cars, but can't do much yet Grok AI arrives in Tesla cars, but can't do much yet
  • 12 ways the Xiaomi YU7 outdoes the Tesla Model Y 12 ways the Xiaomi YU7 outdoes the Tesla Model Y

Reader comments

s
  • sam
  • xYL
  • 20 Oct 2022

Yeah and then charge $10k to unlock features.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 1

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelHyundai
    Ioniq 6 N
  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid

Featured

  • Why do modern vehicles beep so much while driving? Why do modern vehicles beep so much while driving?
  • Why BMW i3 was ahead of its time Why BMW i3 was ahead of its time
  • How big is the “fuel tank” of an EV? How big is the “fuel tank” of an EV?
  • Analyzing the Mercedes-Benz EQXX revolutionary concept Analyzing the Mercedes-Benz EQXX revolutionary concept
  • Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test
ADVERTISEMENTS

Reviews

  • 57 electric cars range tested at highway speeds - who wins? PART 1 57 electric cars range tested at highway speeds - who wins? PART 1
  • Mini Countryman SE ALL4 review Mini Countryman SE ALL4 review
  • Volvo EX30 Performance review Volvo EX30 Performance review
  • Hyundai Ioniq 5 N review Hyundai Ioniq 5 N review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com