EV-a2zEV-a2z
Notification Show More
Aa
  • News
    • EV Type
      • BEV
      • HEV
      • PHEV
      • FCEV
    • System
      • EV
      • Battery
      • Charging Infra
    • Veh. Type
      • Bike
      • 3 Wheeler
      • Car
      • Bus
      • Truck
      • Aircraft
    • Country
      • United States
      • United Kingdom
      • Australia
      • India
      • China
      • Germany
      • Japan
      • Canada
    • Company
      • Tesla
      • BYD
      • General Motors
      • Ford
      • Toyota
      • Volkswagen
      • Hyundai
      • Stellantis
    • Energy
      • Solar Energy
      • Wind Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Search
© EV-a2z. All Rights Reserved.
Reading: Tesla’s upcoming platform will be smaller and cheaper than the price of Model 3/Y
Share
Aa
EV-a2zEV-a2z
Search
  • News
    • EV Type
    • System
    • Veh. Type
    • Country
    • Company
    • Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Follow US
EV-a2z > News > Tesla’s upcoming platform will be smaller and cheaper than the price of Model 3/Y
News

Tesla’s upcoming platform will be smaller and cheaper than the price of Model 3/Y

EV-a2zm
Last updated: 2022/10/26 at 12:42 AM
EV-a2zm Published October 23, 2022 3 Min Read
Share
3 Min Read
Tesla - Model 3, courtesy Tesla
Tesla - Model 3, courtesy Tesla
SHARE

CEO Elon Musk declared that Tesla’s engineering team had shifted its attention to developing a next-generation electric car platform. It is anticipated to cost half as much as the Model 3/Y platform.

https://twitter.com/gezgintrk/status/1583033981200928770

This next-generation electric car platform will be a third of the company, as it already had two for the Model S/X and the Model 3/Y.

Can’t forget S3XY.

— Model S
— Model 3
— Model X
— Model Y

A great touch. pic.twitter.com/thxq7TykBM

— Nathan Baugh (@nathanbaugh27) July 6, 2022

According to InsideEVs, questions regarding potential advancements for the next generation of vehicles were thrown at Tesla executives during the Q3 2022 earnings call. In response, CEO Musk revealed that the upcoming platform would be half the cost and smaller than the Model 3/Y platform.

“The next-generation vehicle will be about half the cost of the 3/Y platform and it will be smaller. It will, I think, certainly exceed the production of all other vehicles combined,” he said.

Tesla was also asked when it plans to introduce its third platform and how much cost reduction it thought it could make. Although there are currently no fixed launch dates, CEO Musk responded:

“It’s the primary focus of our new vehicle development team, obviously. At this point, we are done with the engineering for Cybertrucks and for Semi. So, it’s obviously what we’re working on, the next-generation vehicle, which will be probably be about half the cost of the 3 and Y platform. It will be smaller, to be clear.”

He continued by discussing prices and output levels. He stated that the Model 3 and Model Y, which accounted for 95% of the company’s total deliveries in Q3 2022, would not be able to compete with the production volumes of the next-generation Tesla vehicle.

According to the CEO, producing two units of the upcoming Tesla vehicle will cost the same as making one Model 3.

“Obviously, we’re going to take everything we learned from S, X, 3, Y, Cybertruck and Semi into that platform,” the Tesla CEO said. “But we are on a 2-for-1 target. We’re trying to get to that 50% [of cost] number again.”

CEO Musk’s remarks have undoubtedly reignited controversies on the alleged $25,000 Tesla EV. However, the said 50% reduction cost does not imply that the car will be priced half as low as the Model 3. 

In the US, Model 3 now starts at $48,490. Even so, it should drastically undercut the Model 3 due to the cheaper base, smaller size, and scale efficiencies.

To make things clear, Electrek reported that the company is not focusing on the cheaper Tesla as its attention switched to the Optimus robot and ramped up Model Y manufacturing in 2022. 

Tesla debuts an actual, mechanical prototype of its Optimus robot https://t.co/U1HqzGq7n4 pic.twitter.com/7vXzClZnKZ

— Mobile Lizard Cell Phone Repair (@MobileLizard) October 18, 2022

In the Q3 earnings call, Musk omitted to discuss essential information like battery size, range, charging capacity, and performance. However, the platform is anticipated to be crucial in helping Tesla achieve its long-term objective of doubling sales per year.

You Might Also Like

Hyundai reveals battery suppliers of its EV models amid fire concerns

Uber boss casts doubt on Tesla’s Robotaxi vision

Tesla secures direct sales license in Kentucky

CATL launches showroom of EV models powered by its batteries in China

Tesla Semi to hit European roads

TAGGED: Electric Vehicle, EV, Tesla, Tesla Model 3, Tesla Model Y
EV-a2zm October 26, 2022 October 26, 2022
Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp LinkedIn Reddit Email Copy Link

Follow US

Find US on Social Medias
Facebook Linkedin Twitter

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
EV-a2z-Elon Musk Twitter
News

Elon Musk’s xAI rakes in $6B for AI development in Series B funding

EV-a2zm By EV-a2zm May 30, 2024
Hertz suspends EV purchase plans from Polestar this year
California reports record volume in electric vehicle sales
Nikola to lay off 270 employees to optimize its zero-emissions trucks production and focus on North America
VW to invest €2.4 billion to form JV with Chinese firm Horizon Robotics
- Advertisement -
Ad imageAd image

Tags

Australia (197) Autonomous Driving (110) Battery (805) BEV (71) BMW (105) BYD (319) Canada (74) CATL (84) Charging Infrastructures (360) China (749) Electric Truck (72) Electric Vehicle (4971) Elon Musk (324) Europe (466) EV (5090) EV Sales (169) Ford (180) Full Self-Driving (94) General Motors (118) Germany (134) Gigafactory (90) Honda (74) Hyundai (156) India (268) Japan (82) Kia (92) Lithium (74) Lithium-ion Battery (79) Mercedes Benz (83) NIO (101) Nissan (77) Renewable Energy (91) Rivian (76) Solar Power (99) Stellantis (117) Tesla (1564) Tesla Cybertruck (101) Tesla Model 3 (151) Tesla Model Y (178) Tesla Superchargers (90) Toyota (154) UK (150) USA (1518) Volkswagen (183) Volvo (76)

About Us

Your definitive guide to the electric vehicle and renewable energy transition, offering insights, news, and analysis on EVs and green energy trends.

Top Menu

  • News
  • Reviews
  • Listicle
  • EV Sales
  • FAQ

Resource

  • Policy/Standard/Regulation
  • Glossary
  • Books
  • Expo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EV-a2zEV-a2z
© EV-a2z. All Rights Reserved.
  • About EV-a2z
  • Terms
  • Privacy
  • Cookie Policy
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Newsletter Tesla red
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?