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Old 01-12-2021, 11:37 AM   #1
AVANTI R5
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Default Tesla's $25,000 Car May Hit The Market Sooner Than Planned

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Quote:
Tesla may be closer to producing the US$25,000 electric vehicle sooner than the market thought, according to media reports.

At Tesla's Battery Day in September 2020, Elon Musk said that the EV maker would produce a US$25,000 vehicle, probably in three years.

"Tesla will make a compelling $25,000 electric vehicle that is also fully autonomous," Musk said back in September.

According to documents in Chinese about the Gigafactory Shanghai shared on Twitter by Tesla fans, the Tesla "Model 25k" could be coming out of China as soon as 2022. The previous assumption was that so cheap a Tesla would hit the market in 2024-2025, according to Tesla Facts.

"Tesla could import them to Europe and offer them for €24,900 - addressing vast majority of the European automotive market by revenue," Tesla Facts says, noting that by using Model 3 chassis as basis "they won't compromise on safety."

Tesla has just started taking orders for the Model Y in China at a lower-than-expected price.

Earlier this month, Tesla said it delivered half a million cars last year. The total 2020 deliveries of 499,550 vehicles are just 450 lower than the 500,000 target Musk had set, and they beat analyst expectations.

"In 2020, we produced and delivered half a million vehicles, in line with our most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly," the EV maker said in a short statement accompanying the figures.

To compare, in 2019, Tesla delivered around 367,500 vehicles globally for the full year, which was then 50 percent more than the previous year and in line with its full-year guidance for 2019.

Last week, Tesla surpassed Facebook in terms of market value, becoming the fifth most valuable company in the S&P 500. There are now only four companies with a market value higher than Tesla's— Apple, Microsoft, Amazon, and Alphabet.
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Old 01-12-2021, 11:42 AM   #2
AVANTI R5
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Default

https://electrek.co/2021/01/11/tesla...-electric-car/

Tesla expands Gigafactory Shanghai again, looks to add design director ahead of new $25,000 electric car

Tesla is again expanding Gigafactory Shanghai with new buildings coming up on the eastern side. The automaker is also looking to add a design director to its Chinese team ahead of the new planned $25,000 electric car.

Tesla Gigafactory Shanghai

Gigafactory Shanghai was a big success story for Tesla in 2020.

After quickly managing to build the first phase in 2019, Tesla started production at the plant in 2020, and they managed to quickly ramp up production, resulting in the factory contributing more than 140,000 cars to Tesla’s record year.

It produced only Model 3 vehicles in 2020, but the automaker has now started Model Y production in anticipation for deliveries to start this month.

The size of the factory has more than doubled in order to accommodate Model Y production.

Now Tesla is expanding it again with new buildings coming up on the current site, and Tesla also appears to be expanding on more land on the east side of the site:


Tesla China design director

Furthermore, Tesla is also reportedly looking to hire a new head of design for China.

Reuters reported:

Tesla Inc is searching for a design director in China, part of efforts to open a ‘full-function’ studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.

It wouldn’t be Tesla’s first effort to hire designers in China.

Last year, Tesla started taking design submissions for its Chinese-made small electric car and started hiring for the program shortly after.

But it sounds like Tesla is now looking for a head of the design team in China to “bridge the gap” with the US team:

They are looking for “bi-cultural” candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.

Tesla is also looking to deploy a full design studio in the country.

Tesla’s $25,000 electric car

The team’s first project is likely going to be Tesla’s recently announced $25,000 electric car.

When talking about what Tesla’s new battery cell and “structural battery pack” architecture could enable at Battery Day last year, CEO Elon Musk announced that Tesla will be making a $25,000 electric car.

The CEO commented in the announcement:

Tesla will make a compelling $25,000 electric vehicle that is also fully autonomous.

He made it clear that this new price point is achieved through Tesla’s new battery cell and battery manufacturing effort.

Last week, we reported that some documents about Gigafactory Shanghai hinted that Tesla could start producing the new vehicle at the plant as soon as next year.

The new expansion at the factory could also be to support production of the new vehicle.

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