Musk Comments on Next-Gen Tesla, Cybertruck + China Sales Spring Ahead (12.05.23)
Dec 6, 2023
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Elon Musk shares updates on next-gen Tesla, including battery and manufacturing details. Discussion on challenges faced by Tesla with revolutionary technology. Technical details of Cybertruck and production implications. Updates on China sales and EV tax credit for Model 3.
Tesla is working on a low-cost, high-volume electric vehicle with a revolutionary production system at Gigatexis
The next generation vehicle will not significantly impact Tesla's financials until 2025, as the company prioritized fulfilling orders for existing models like the Model 3 and Model Y
Deep dives
Elon Musk shares comments on Tesla's next generation vehicle plans
According to a recent interview, Elon Musk revealed that Tesla is working on a low-cost electric vehicle that will be made in high volume. Musk expressed excitement about the revolutionary production system that will be used for the vehicle and mentioned that Tesla is quite far advanced in its development. Additionally, he confirmed that the first production line for this next generation car will be at Gigatexis, with Gigamexico being a possibility for a second location. However, due to potential challenges associated with new technology, it is important to consider possible delays or issues in terms of timing and production.
The impact of Tesla's next generation vehicle on financials and supply chain
Elon Musk stated that the next generation vehicle is unlikely to significantly impact Tesla's financials until 2025, as it will take time to ramp up production. He clarified that during the period leading up to the Cybertruck launch, Tesla focused on fulfilling orders for existing vehicles, such as the Model 3 and Model Y, due to supply constraints. Musk justified the decision to prioritize existing models over a new vehicle, as it allowed Tesla to successfully manage challenges such as supply chain disruptions and maintain profitability. However, it is worth noting that the introduction of new technology may bring its own set of challenges, as evidenced by previous production difficulties with the Model 3 and Cybertruck.
Details on the Cybertruck and battery specifications
Elon Musk discussed several technical details about the Cybertruck, including the use of a 48-volt architecture and the implementation of steer-by-wire technology. He emphasized the goal of bringing car electronics up to date with current consumer products. Furthermore, the EPA certification report for the Cybertruck revealed a battery pack size of 122.4 kilowatt-hours and an energy density of approximately 170 watt-hours per kilogram. While these specifications may not be at the level of the best 2170 or 18650 battery packs, they represent an improvement over previous models. Tesla's focus on improving energy density through the development of the 'Cybercell' battery highlights their commitment to advancing battery technology.
➤ Munro interviews Musk: https://youtu.be/ky1Z2klPalw ➤ New comments on next-gen vehicles, Cybertruck ➤ EPA publishes Cybertruck certification report ➤ China sales continue to rise ➤ Tesla adjusts tax credit language for Model 3
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Executive producer Jeremy Cooke Executive producer Troy Cher asaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
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