{"id":508,"date":"2023-03-02T17:37:23","date_gmt":"2023-03-02T17:37:23","guid":{"rendered":"https:\/\/www.autobuyersmarket.com\/news\/?p=508"},"modified":"2025-05-05T10:24:47","modified_gmt":"2025-05-05T10:24:47","slug":"tesla-claims-production-innovations-to-cut-cost-of-next-generation-models-by-half","status":"publish","type":"post","link":"https:\/\/www.autobuyersmarket.com\/news\/2023\/03\/02\/tesla-claims-production-innovations-to-cut-cost-of-next-generation-models-by-half\/","title":{"rendered":"Tesla Claims Production Innovations to Cut Cost of Next-Generation Models by Half"},"content":{"rendered":"\n
\"Tesla
Among the methods that Tesla will be employing to manufacture their cheaper next-gen models include new plans to construct a new factory in Mexico near Monterrey, in addition to expanding production in the company\u2019s current facilities.\u00a0 File photo: Gofra, Shutter Stock, licensed.<\/figcaption><\/figure>\n\n\n\n

AUSTIN, TX – Tesla CEO Elon Musk, at the company\u2019s investor day presentation at its Austin, Texas, headquarters on Wednesday, claimed that innovative production techniques and the use of smaller factories will enable the electric vehicle (EV) manufacturer to cut the cost of their next-generation models in half.<\/a>\u00a0<\/p>\n\n\n\n

While presenting Tesla\u2019s so-called \u201cMaster Plan 3\u201d to investors, Musk said that the changes could enable the company to deliver next-gen EVs for approximately $25,000, but while attendees were suitably impressed by this lofty claim, they were nonetheless disappointed that none of the proposed new models were on-hand for viewing. <\/p>\n\n\n\n

Musk, however, noted that he was saving the unveiling of the next-gen Teslas for the near future so it can be done properly, with the South African tech tycoon telling an analyst that had inquired when the new models would be revealed that \u201cWe’d be jumping the gun if we answer your question.\u201d\u00a0<\/em><\/p>\n\n\n\n

Among the methods that Tesla will be employing to manufacture their cheaper next-gen models include new plans to construct a new factory in Mexico near Monterrey, in addition to expanding production in the company\u2019s current facilities. <\/p>\n\n\n\n

Experts are speculating that the upcoming, more affordable offerings from Tesla will likely be smaller than the EV company\u2019s current models, but no concrete facts about these vehicles were revealed at Wednesday\u2019s event. <\/p>\n\n\n\n

While the news of cheaper next-gen models was received well, overall reports indicate that investors were underwhelmed by Musk\u2019s \u201cMaster Plan 3\u201d presentation due to a lack of details on the new vehicles. But Musk responded to the disappointment by noting that the company\u2019s advanced vision for its future justifies its high stock valuation versus other automakers. <\/p>\n\n\n\n

Some minor details on upcoming Teslas and how they would be made more cheaply where hinted at by the company\u2019s Chief Financial Officer Zachary Kirkhorn, who said that the next-gen EVs would be built with fewer wires and transistors and would use fewer expensive rare-Earth metals in the batteries. <\/p>\n\n\n\n

\u201cAs we improve affordability, the number of customers who have access to our products increases,\u201d <\/em>Kirkhorn said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

AUSTIN, TX – Tesla CEO Elon Musk, at the company\u2019s investor day presentation at its Austin, Texas, headquarters on Wednesday, claimed that innovative production techniques and the use of smaller factories will enable the electric vehicle (EV) manufacturer to cut the cost of their next-generation models in half.\u00a0 While presenting Tesla\u2019s so-called \u201cMaster Plan 3\u201d […]<\/p>\n","protected":false},"author":4,"featured_media":509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-508","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-updates","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\n\t\t\n