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Tesla working on smaller, cheaper EV platform


CEO Elon Musk revealed that Tesla has smaller and more affordable production plans for its next generation of electric vehicles.

Speaking on a conference call on Tuesday following the release of Tesla’s third-quarter financial results, Musk said the company is working on a next-generation platform designed for smaller vehicles. Current Model 3 and Model Y crossover.

He also said the platform will cost half as much as the Model 3 and Model Y platforms, which suggests any vehicle based on it will be more affordable than the Model 3 and Model Y. Model Y.

“At this point, we have completed the engineering for the Cybertrucks and for the Semi,” he said. “So obviously that’s what we’re working on, the next generation car, will probably be half the cost of the 3 and Y platforms. It will be smaller, to be clear. “

2022 Tesla Model 3

2022 Tesla Model 3

Musk also predicts that vehicle production on the new platform will exceed the combined output of the rest of Tesla’s lineup.

“But in my opinion, it will certainly exceed the production capacity of all our other vehicles,” he said. “I mean, obviously we’re going to put everything we’ve learned from S, X, 3, Y, Cybertruck and Semi on that platform.”

Musk did not elaborate on how Tesla will cut costs but said the company aims to get the “effort” needed to build electric vehicles on the next-generation platform in half of what it requires. demand for Model 3 and Model Y.

The Model 3 is the most affordable Tesla currently available, starting at $48,490. As for the cost of an electric car in the future, Musk in 2020 said Tesla could cut costs through further improvements in the manufacturing process along with cheaper battery chemistries, which could lead to arrive EVs cost as low as $25,000.

Ahead of its 2018 launch, Musk said the Model 3 would start at $35,000. A $35,000 Model 3 was offered for sale in 2019, though Tesla pulled it from sale after just a few months.

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