- Touting the entry-level $25,000 Tesla,,,,, Commonly known as the Model 2, it may not build investors’ hopes. Instead, future sales growth may have to come from cars without steering wheels or pedals (network cars).
Tesla’s product roadmap may have canceled Thursday’s biggest mystery, while news spread from China, suggesting that there may be no Model 2 after all.
The first Report By local technology website 36kr Later Confirmed go through ReutersTesla is developing a low-priced version of the Model Y, whose best-selling people, has about 1.1 million units sold. This suggests that hopes for an upcoming entry-level compact car, probably hatchbacks rather than sedans, will not come true.
The car, currently known as the “Juniper”, will start production in Shanghai next year, and the car will start production in Shanghai at a production price of at least 20% cheaper. Reuters. Sources told the source 36kr.
Tesla did not respondwealthComment.
As many institutional investors spill tangible sales of electric vehicles out of the hazy dream of building humanoid robots, the key growth assumption for many is that Tesla enters new areas such as compact cars, where it can expand its overall addressable market.
These hopes continue in large part because Tesla has been frustrated with its actual product roadmap since last April. “The plan for new vehicles, including more affordable models, stays on track for the start of production in the first half of 2025” is the clearest in its comments.
CEO Elon Musk promised late last year that Tesla EV sales will grow this year in October.
“With our low-cost vehicles, with autonomy coming up, my best guess is a 20% to 30% increase next year.”explain.
However, this was not repeated in the fourth quarter investor call in January. The official Tesla is just to increase sales. Analysts are nowCut their predictionsReflecting ongoing boycotts andLack of compelling new products.
Growth story has questions
The first to tease the price back in September 2020, low-cost cars have been a bigger strategic priority for many investors than Seibuke-style, with estimated annual sales of millions.
Never done such a feat. If Tesla manages to turn an expensive mid-sized electric car into the most popular car in the world, it can build a smaller, low-cost model that could violate the 2 million unit cap in a year.
But the last assumption Spy Photos Some people think it’s Model 2 in early 2023, Reuters Last April’s report revealed plans for low-cost cars built with next-generation platforms for online cars.
Stocks are impressed by this news, but Musk can restore faith in Tesla Grow The story is intact, saying he has accelerated plans for a new and more affordable model in six months to the first half of this year.
“It’s pointless to have a regular 25K model”
But he has never been more specific. In the same October call, Musk predicted a 30% increase in 2025, and then he made a comment that the significance may have been underestimated at the time.
“It would be foolish to have a regular 25k model, just as it is totally inconsistent with our beliefs,” he said.explain.
It was interpreted at the time as meaning Musk would not launch a very cheap new product at all, not equipped with its complete autonomous driving hardware, the AI reasoning computer, called the AI4 (formerly HW4).
Now, it seems increasingly clear that Tesla’s explosive growth forecast will come from only one model: CyberCab. The silver lining is Musk’s estimate that its sales could be 2 million, or even 4 million per year.
But that’s almost nothing for investors because one key issue: the network car is a steering wheel or pedal. It requires a complete legal and regulatory framework for sale and operation on public roads.
Tesla also cannot convert Cybercab into cars for sale by adding human controls, as the market for two-door cars can accommodate up to three people. The vehicles conceived and designed are only financially viable as vehicles of the Robotaxi fleet.
This story was originally fortune.com
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