Mart wrote: ↑Thu Jan 16, 2025 10:27 am
dan_b wrote: ↑Wed Jan 15, 2025 2:45 pm
I have zero confidence in a "new cheaper" Tesla anytime soon. Musk is still all-in on his full autonomy koolaid, and that CyberCab thing, can't see them making a version of that with a wheel and pedals. And even if they do, cars with 2 seats don't tend to sell well in any segment, budget or premium.
Hi Dan, I think that's where the confusion is. Plans for a smaller cheaper new model, typically referred to as the Model 2, appear to have been shelved. And yes Elon has been clear that the 2 seat Cybercab, will not be produced in a version with wheel and pedals.
But Tesla has repeatedly mentioned plans to build some 'more affordable' models, which I think is simply code, for cut down versions of the 3 & Y.
Here is what Tesla has stated in the 2024 Q2 earnings report, and the Q3 report:
Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles 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 manufacturing lines as our current vehicle line-up.
This approach will result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times. This should help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines.
Our purpose-built Robotaxi product will continue to pursue a revolutionary “unboxed” manufacturing strategy.
But of course, this is Tesla, where info is always lacking, and things can change fast. So I'm looking forward to the next earnings report (for Q4 2024), to see how this statement is repeated, changes, or disappears completely. Only my opinion, but 'first half of 2025', is now upon us, and even looking to late June, is still the very near future for such statements, so hopefully there will be some sort of update, rather than just a repeat(?) Also the earnings report is scheduled for the 29th Jan, which is about one week later than most reports, but that may mean nothing.
More thoughts/ponders, is that cheaper versions of current models, could have a huge Osborne Effect on sales, so that may be why we hear so little about it. I suspect a sudden announcement of vehicles being almost available, or the complete opposite, and them being dropped.
Clear as mud, as always.