Published , by Morgan Shaver
Published , by Morgan Shaver
Tesla (TSLA) shared all sorts of information during its Tesla Investor Day 2023 event, including ways in which it aims to reduce the cost of its next generation of vehicles by as much as 50 percent. The company shared several slides that demonstrate how its next-gen vehicle will allow for a 40 percent reduction in manufacturing footprint in the factory, and a 50 percent reduction in cost.
As shown on one graph, the Cost of Goods Sold per car highlights a 50 percent reduction in cost for Tesla’s next generation of vehicles compared to its current Model 3 and Model Y.
Tesla touched briefly on its current vehicle assembly process as well which is more linear in nature from stamp, to body, to paint, to final assembly. Following this, it shows an updated “Parallel & Serial Assembly” method which sees Stamp & Paint and Casting taking place at the same time. This seemingly allows for quicker, more efficient assembly.
Elsewhere, Tesla notes that future vehicles will be even more scalable with a 75 percent reduction in Silicon Carbide and a reduction in all-in cost by $1,000. For more on Tesla’s Investor Day 2023 event, be sure to read through some of our other coverage including Elon Musk saying there is a clear path to a fully sustainable Earth, and Tesla claiming that EVs hit 10 percent market share in 2022.