In a recent revelation, Martin Viecha, the head of Tesla‘s Investor Relations division, responded to concerns raised by Tesla enthusiast Gary Black regarding the company’s growth prospects. Black, known for his bullish stance on Tesla, suggested that other shareholders should temper their expectations, stating that the electric vehicle giant is currently in an “intermediate low-growth period.”
Tesla’s Historical Surge: Driven by the 3/Y Platform
Before delving into Viecha’s response, it’s essential to acknowledge remarkable journey. The company struggled to establish itself as a household name until the groundbreaking release of the Model 3 in 2017. This marked Tesla’s foray into the mass-market with an affordable vehicle, complementing the existing Model S and Model X. The subsequent introduction of the Model Y propelled Tesl a to achieve the milestone of selling 1 million vehicles annually.
Q3 Challenges and Future Projections: Navigating Delivery Dynamics
Despite a lackluster Q3 due to necessary line upgrades, Tesla maintains its ambitious projection of producing 1.8 million units this year. However, the current scenario isn’t characterized by a decline in vehicle sales but by a moderated pace in delivery expansion. Various factors contribute to this, as acknowledged by Viecha.
The Next Growth Catalyst: Unveiling Tesla’s Next-Gen Platform
According to Viecha, Tesla finds itself strategically positioned “between two major growth waves.” The initial wave, fueled by the 3/Y platform since 2017, is followed by anticipation surrounding the next-gen vehicle, set to drive the second wave of growth. This next-gen platform, as detailed by CEO Elon Musk, is earmarked for production at Gigafactory Berlin and other global Tesla facilities.
Affordability and Access: The $25,000 Next-Gen Vehicle
Crucially, the next-gen vehicle is poised to be a game-changer, expected to carry a price tag of $25,000. This pricing strategy aligns with It’s commitment to making electric vehicles more accessible to a broader market. Musk’s plans include the adoption of the next-gen platform in the refreshed Model 3, and rumors abound about the Model Y undergoing a similar transformation.
Looking Ahead: Development Updates and Investor Outlook
While Tesl a is yet to unveil a specific timeline for the next-gen vehicle, the latest information from the Shareholder Deck, released during the Q3 Earnings Call, affirms that the platform is actively “in development.” As Tesl a navigates this intermediate phase, investors and enthusiasts alike remain keenly observant, recognizing that intermittent periods of moderated growth often precede transformative breakthroughs in the automotive industry.
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SOURCE : TESLARATI
FAQs
Why is the company currently in an “intermediate low-growth period”?
Various factors contribute to this phase, including necessary line upgrades and broader market dynamics. However, the company remains optimistic about future growth.
What is the significance of the next-gen platform?
The next-gen platform is expected to be a catalyst for substantial demand and growth, with the upcoming vehicle priced at $25,000, aiming to make electric vehicles more accessible.
Can you elaborate on the challenges faced in Q3 and how they impact the company’s projections?
Despite a lackluster Q3 due to necessary line upgrades, the company maintains its ambitious projection of producing a significant number of units this year. The challenges primarily revolve around a moderated pace in delivery expansion.
When can we expect the next-gen vehicle to be released?
While there’s no specific timeline provided, the latest information confirms that the next-gen platform is actively “in development,” indicating progress towards its eventual release.
How does the company plan to broaden its market reach with the next-gen platform?
The next-gen platform, coupled with a more affordable price point of $25,000, is part of the company’s strategy to make electric vehicles more accessible to a broader market. This includes plans to adopt the platform in existing models, such as the refreshed Model 3 and potentially the Model Y.