:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/metroworldnews/AJOWY7PVINCGJPXP43J3C5BJWA.jpg "Elon Musk announces that the next Tesla will be worth half of the current ones: these are the estimated prices")
The objective of Tesla is to dominate the electric car market. The route: reduce the cost. Elon Musk announced that the next generation of his company’s vehicles will be worth half of the current ones.
Musk spoke on the subject in an Investor Day presentation, It lasted about three and a half hours. The event happened this week at Tesla’s headquarters in Austin, Texas.
Although investors were hoping to find out what next-generation electric cars would look like, Musk said: “We would rush if we answered your question.”
The gigafactory in Mexico and the probable value of future Tesla cars
But, How much would a next-generation Tesla car end up worth? And what would be its characteristics?
In accordance with ABC News, the vehicle would cost about 25 thousand dollars on average.
The main change is that every electric car would be smaller than current models, using fewer wires and transistors, plus fewer expensive rare earth metals in batteries.
The future plant in Mexico, in Nuevo Leon, would play a huge role in Tesla’s new measures.
“Many car manufacturers build smaller vehicles in Mexico to save on labor costs and preserve profit margins.” ABC News said in its report.
Zachary KirkhornTesla’s chief financial officer, stated that Elon Musk’s company it had already cut costs in half between the early Model S and X and the second generation, the 3 and Y.
By 2030, Tesla expects to produce, among all its gigafactories, 20 million vehicles per year. The 2023 figure points to 1.8 million electric cars.
Reactions to Elon Musk’s announcements in his electric vehicle company
Despite the news Tesla shares are down 6%. Garrett Nelson, a CFRA analyst, considered the reason to be the lack of details about the new vehicles.
He also recalled the upward trend in the company’s shares before major events and the drop at the time of giving real news.
“What they described really showed that deserves to be marketed at a huge premium to the rest of the industry.” Nelson pointed out about the news given by Elon Musk.
