After declaring that he was worried about the profitability of the Cybertruck, Elon Musk reassures his investors. The boss of Tesla promises them that the next generation of electric vehicles from the brand will be “ much more conventional » and therefore more profitable.
Tesla Model 2: a conventional vehicle?
When Musk talks about the future, he thinks in particular of the Tesla Model 2. This model, promised to cost less than 25,000 euros, should be much easier to build. According to the boss of Tesla, the Model 2 will be “ cool and beautiful, but also pragmatic “. A less ambitious model than the Cybertruck, that’s obvious. The quarterly results conference was an opportunity for investors to question Musk about the imminent release of the electric pickup. They are getting impatient and Elon Musk has played the transparency card.
The billionaire is aware of the great difficulties posed by the production of the Cybertruck. He even states that despite the fact that it is an excellent product, “ financially, it will take at least a year, if not 18 months before it contributes significantly to cash flow “. Elon Musk nevertheless remains confident. He believes that the profitability of the brand does not depend only on this model. It focuses in particular on the upcoming arrival of the Tesla Model 2a more conventional model and above all much cheaper to produce.
A revolutionary production method
On this subject, he specifies that “ on our small model, we do everything possible to simplify every detail. This new generation should achieve an unprecedented production rate per minute in the automotive industry. “. A feat possible thanks to a revolutionary production process. The American brand has declared that it is capable of manufacturing the structure of this future vehicle in a single piece. An even more impressive feat than on the Model Y.
Tesla has advanced its Giga Presses. They will soon be able to exert a clamping pressure of 16,000 tonnes. For comparison, on a car “ classic » the structure is generally made up of 400 parts. With the Model 2, Tesla could thus reach its ultimate objective: to produce several tens of millions of models at an unbeatable price, while making a profit. On the other hand, Elon Musk is realistic, he specifies that this model “ is not intended to amaze and delight you ».
It was designed to “ take you from point A to point B. It will still be beautiful, but conventional “. Asked about the timetable for this next generation of electric vehicles, Elon Musk indicated that the manufacturer could not afford to give more information at the moment. The Model 2 will likely be manufactured in a new factory in Mexico. In his autobiography of Elon Musk, Walter Isaacson claimed that production of the Model 2 could take place in Austin.
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Elon Musk is concerned about the global economic situation
On the subject of the factory in Mexico, the boss of Tesla specifies that “ we are laying the groundwork to begin construction, but we are clear-headed and want to get a sense of where the global economy is going before we go all-in on the Mexico plant “. Musk said he was concerned about the current high interest rates. He estimates that ” if rates remain high or rise further, it will be increasingly difficult for people to buy a car ».
He said most buyers use some form of financing when purchasing a vehicle. The economic situation could therefore complicate the equation in the future if it tends to deteriorate. Caution is therefore required. This is rare enough to note. Regardless, the arrival of the Model 2 could be a real revolution for the American manufacturer. A way to take an important step and improve the group’s overall profitability.
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