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Tesla teases next model that Elon Musk says will sell in the millions | Joggingvideo.com
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Tuesday, April 23, 2024

Tesla teases next model that Elon Musk says will sell in the millions

Elon Musk has big expectations for Tesla’s new small car.

The Tesla CEO gave the world a sneak peek at the brand’s next model during a shareholder event on Tuesday in Texas.

Musk said there are actually two new vehicles in the works that he predicted will combine for 5 million worldwide sales annually.

“This is just Elon’s guess, don’t sue me,” he joked.

model y

The Model Y is a compact SUV. (Tesla)

Musk did not elaborate on when the new models would go into production or where they would be made, but Tesla is in the process of building a new factory in Mexico and Musk has said the company is looking to reduce future manufacturing costs by 50%.

One of Tesla’s innovations in this area is the use of mega-castings that replace dozens of parts. The Model Y built in Texas already features some of these types of parts and the upcoming Cybertruck will rely heavily on them. Musk has likened the process to stamping toy cars.

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“It will be a modest contributor to profitability, but it will be sick.”

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