Elon Musk stated that a more affordable model is expected to be launched in the first half of next year, but the price will not be lower than $25,000; it is projected that overall car production will increase by 20-30% next year, and by 2026, Cybercab is expected to achieve an annual production target of 2-4 million vehicles
Elon Musk officially canceled the plan for a $25,000 regular model, but at the same time provided guidance for a 20-30% production increase next year.
During the Q3 earnings call on Tuesday local time, when asked "When can investors expect to see a non-Robotaxi electric vehicle priced at $25,000," Musk replied:
"Having a non-autonomous regular model priced at $25,000 is meaningless."
However, Musk also mentioned during the call that Tesla still plans to offer "more affordable models" starting in the first half of next year, with overall car production expected to increase by 20-30% next year; By 2026, Tesla's Robotaxi "Cybercab" is expected to achieve an annual production target of 2-4 million units.
This is Musk's first official statement on the question of whether a $25,000 regular model (widely believed to be Model 2 or Model Q) will be launched.
In early April this year, Reuters reported that Tesla's affordable model Model 2 might be delayed or canceled, but Musk denied this on the X platform at that time.
It is reported that Tesla initially hoped to reduce costs by developing a new generation assembly platform in Mexico, but due to overcapacity and macro changes, Tesla can only introduce more affordable models using existing platforms, hence the price will exceed $25,000.
J.P. Morgan released a research report stating that due to the previous prevalent market belief that the "affordable model launch was canceled," investors' expectations for large-scale production of affordable models next year have significantly decreased, and the decision to cancel the plan is expected to have a negative impact on the related supply chain