Elon Musk says the next-generation Tesla vehicle "will exceed the production of all other vehicles combined." Legacy auto is in for a rude awakening with Platform-3.
Here is a conceptual rendering of the next generation Tesla EV based on its next manufacturing process - Platform-3. Note: not the actual official Tesla Car.
Tesla Will Announce New EV Platform for Investor Day
Elon Musk said, “this is the primary focus of our new Tesla vehicle development team, obviously. At this point, we’ve done the engineering for Cybertrucks and Semi. So, it’s obviously what we’re working on, which is the next-generation Tesla vehicle.”
“Tesla announced: We plan to host Tesla Investor Day 2023 on March 1, 2023. The event will be broadcast live from our Texas Gigafactory”. Along with the official announcement issued by Tesla, mention is also made of what attendees (and viewers) will specifically be able to discover on that day. "Our investors will be able to see our most advanced production line and discuss long-term expansion plans, the “generation 3” platform, capital allocation and other topics with our leadership team."
Pierre does a great job with his analysis and charts. He is well worth following on twitter.
Source: Pierre Ferragu Twitter
Tesla Will Dominate EV Production With Next-Gen Platform-3
Here's a Bret Winton ( Ark Invest Chief Futurist ) video interview discussing the Tesla next platform and the future growth it will fuel for Tesla and the dominance it will provide.
“The new Tesla vehicle platform will set the standard for the industry again. Other EV companies will again be four or five years behind and for Tesla shareholders it's a great outcome. You end up with a Tesla establishing a strategic footprint in a massive literally trillion dollar Plus Market. said Brent Winton ”
See complete Bret Winton interview here:
Source: Bloomberg Technology YouTube
“Elon Musk said that the next Tesla platform will be smaller in size than the Tesla Model 3/Y platform and roughly half the cost. The CEO explained that it will cost the same to build two units of the next-gen Tesla vehicle than it currently costs to build a single Tesla Model 3, and that "we do believe this can be done.".”
Tesla's next Platform-3 vehicle could be its Robotaxi and will have a price tag somewhere between $25K and $30K. Tesla might even leverage the platform for multiple vehicles. The new platform is also speculated to take advantage of Tesla’s 4680 battery cell, structural battery pack design, and its latest large casting technology to achieve a new level of manufacturing innovation.
Here's Motorpoint's conception of what the new Tesla Model 2 might look like.
Source: Motorpoint Twitter
Farzad Mesbahi analyzes the economics of owning Tesla's upcoming compact car that's likely to start somewhere around $25k base price. He walk through why He believe the auto industry will break because of it.
Source: Farzad Mesbahi Youtube
“Electrek’s Take: It’s hard for people to imagine Tesla ramping up to 20 million vehicles per year, but it was also hard for most people to imagine Tesla ramping up to 1 million units. The company not only did that, but it now sits at a capacity to produce 2 million cars per year. It won’t be easy to 10x that capacity in seven years, but I think it’s doable.
Next-Gen Tesla EV Sales Will Skyrocket
The following chart shows how far we have come in the adoption of Electronic Vehicle sales. The auto consumer mindset is quickly moving toward EVs as a viable option and they are becoming more comfortable with EV capability. Sales are surging and this trend will continue. Legacy Auto will not be able to stop this trend.
If you think that EV sales are surging now, just wait till the Next-Gen Tesla vehicle comes out. I think we will see a huge adoption of EVs with the smaller, more widely affordable, form factor EV that will be manufactured by Tesla.
The Next-Gen Tesla will be the biggest Disruption in 100 years
“Of the 2 billion cars and trucks on the road, we only have about 3.5 million. So, we’ve got a long way to go to even reach 1% of the global fleet. said Elon Musk."
Here's another indication that legacy auto is in big trouble going forward.
Source: Gary Black Twitter
Matt Pocius thinks "Tesla stock may get "shocked" on March 1st. There is a lot of speculation around Tesla stock surrounding Tesla investor day. Some are excited and believe Tesla will announce something big sending Tesla stock higher"
Source: Matt Pocius YouTube
Is This The Nail In the Legacy Auto Coffin
The Tesla Next-Gen vehicle is coming, although it might not be revealed on Investor Day 2023. Regardless if it will be or not, the Tesla Model 2 built upon the Next-Gen
manufacturing process, will create an upheaval in the Auto industry and legacy auto will be greatly effected to the negative. Will legacy auto adapt, only time will tell, but one thing I do know is they better put it in overdrive or go bankrupt.
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