Tesla Going To Introduce The 3rd Platform?
We are close to Investor Day and many are speculating what will come out.
In this video I discuss the idea of the 3rd generation of Tesla platforms. This is going to be in the framework of the Toyota Corolla category.
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Summary:
In this video, Taskmaster discusses Tesla's upcoming platform number 3, speculated to be revealed on Investor Day, which could potentially revolutionize the automotive industry. Platform 3 is envisioned to be the foundation for a Toyota Corolla-type vehicle, aiming to significantly reduce costs and ramp up production capacity. Taskmaster highlights the importance of scalability, production efficiency, and cost reduction through advancements like gigapress technology. The discussion also touches on the expected impact on Tesla's manufacturing output and vehicle pricing over the next few years.
Detailed Article:
The video delves into the unveiling of Tesla's platform number 3, which is anticipated to be a game-changer in the automotive sector. The platform, poised as the groundwork for a Toyota Corolla-type car, is a strategic move by Tesla to drive down costs significantly. Taskmaster emphasizes the necessity for Tesla to develop a platform that slashes current expenses by half to enable the production of more affordable vehicles in the $20,000 to $25,000 range while ensuring profitability.
One key aspect highlighted is the imperative need for scalability in this new platform. Tesla's ambition is not just to produce millions of vehicles annually but to elevate their manufacturing capabilities to potentially reach an annual production scale of 10 to 15 million vehicles. Taskmaster points out that achieving this ambitious goal will necessitate meticulous design work, leveraging cutting-edge technologies such as gigapress, which streamlines the manufacturing process by reducing robotic involvement and welding requirements, consequently saving time and costs.
Furthermore, Taskmaster discusses Wright's Law, indicating that historical data suggests a 20% reduction in production costs every time the output doubles. With Tesla's current production volume at around 1.3 million vehicles and poised to double in the coming months, a significant drop in production costs is expected. This cost reduction, coupled with Tesla's projected increase in annual vehicle production from 3 million to 6 million within 18 months, is anticipated to enhance efficiency and profitability, manifesting in a notable impact on the cost of Tesla vehicles in the foreseeable future.
Addressing the crucial aspect of battery costs, Taskmaster acknowledges the recent spike in raw material costs impacting battery expenses. However, he anticipates potential adjustments in the following years to mitigate these cost increases. Taskmaster concludes with speculation that more details about platform number 3 may be unveiled on Investor Day, providing crucial insights into Tesla's future vehicle production, potentially teasing what can be expected by 2024. Overall, the discussion provides a comprehensive overview of Tesla's strategic moves toward reducing costs, enhancing production efficiency, and expanding their manufacturing capabilities in the coming years.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.