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Tesla’s 3rd location for next-gen EV production to be named end of 2024-early 2025

Credit: @tobilindh/X

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Tesla’s Q4 and FY 2023 earnings call provided a number of key details about the next-generation platform. The vehicle is expected to be built in volumes that far exceed the Model 3 and Model Y, and it is also expected to be priced at a level that would make it competitive even against vehicles like the Toyota Corolla and the Honda Civic. 

During Tesla’s 2022 Investor Day event, the company stated that the next-generation vehicle would utilize an “Unboxed Process” that should make it significantly more efficient to build. Tesla has an aspirational target of hitting 20 million vehicles per year in 2030. The next-generation platform would likely comprise a notable portion of this target. 

During Tesla’s Q4 and FY 2023 earnings call, CEO Eon Musk stated that the company is “very far along” on its next-generation low-cost vehicle program. And while he noted that the company would not be discussing details of the new vehicle during the call, he did state that Tesla’s next-generation platform would be profound, both in terms of vehicle design and its manufacturing system. 

“This is a revolutionary manufacturing system… far more advanced than any other automotive manufacturing system in the world, like, by a significant margin. Several years ago, I said that perhaps the most important competitive characteristic of Tesla in the future will be manufacturing technology, and you will really see that come to bear with our next-gen vehicle,” Musk said. 

As for the production locations of Tesla’s next-generation vehicle, Musk noted that Giga Texas will be first, followed by Giga Mexico. A third location would also be named, though it would be announced around the end of the year to early 2025. Musk also teased that the third location for the upcoming vehicle’s production would be outside North America. 

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“The first manufacturing location for this will be at our Gigafactory and headquarters in Austin, Texas. And then, we’ll follow that up with other locations around the world. Probably the factory that will be built in Mexico will be second, and then we’ll be looking to identify a third location, perhaps, by the end of this year or early next outside of North America,” Musk said

The next-generation vehicle would be Tesla’s most ambitious yet, and the company seems to be preparing for the challenges that would be coming with its development. Musk stated as much during the earnings call when he noted that Giga Texas is the vehicle’s first manufacturing location because engineers have to quite literally live in the production line to develop and refine it. 

“There’s a lot of new technology, like, a tremendous amount of new, revolutionary manufacturing technology here. The reason I want to put this new, revolutionary manufacturing line at Giga Texas was because we really need the engineers to be living on the line. This is not sort of an off-the-shelf, you know, “just works” type of thing. And it’s just a lot easier for Tesla engineering to live on the line if it’s in Austin versus elsewhere.

“But we are currently expecting to start production (in the) second half (of) next year. That will be a challenging production ramp. Like, I will be sleeping on the line practically. In fact, not practically — we will be. But I am confident that once it is going, it will be head and shoulders above any other manufacturing technology that exists anywhere in the world. It’s next level,” Musk said. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla Service just made a simple change for iOS users that makes a big difference

The Live Activities will now provide owners with a quick view of the service status on their vehicle, including the expected arrival time of the repair technician, the actual arrival time, and the estimated completion time.

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Credit: Tesla

Tesla has improved the transparency and communication it has with customers when their vehicles are being serviced with a very simple addition to its app.

The addition will only impact iOS users as it utilizes Apple’s Live Activities feature, which is utilized for other Tesla features, most notably during Supercharging to alert owners of their state of charge, charging rate, session cost, and time remaining.

Now, Tesla is using the Live Activities feature of iOS to alert customers of the status of a repair through Service, something that definitely improves the overall interaction between the owner and the company.

The Live Activities will now provide owners with a quick view of the service status on their vehicle, including the expected arrival time of the repair technician, the actual arrival time, and the estimated completion time.

Credit: @robkten | X

It also uses Apple’s Dynamic Island for an even more streamlined look at repair status.

The change was first noticed by Not a Tesla App. Some owners have said that the change has been available for about two months, but we had also not noticed it until now.

Tesla has been working to improve its Service division, especially over the past few months, as Raj Jegannathan, Vice President of IT/AI-Infra, Apps, Infosec, and Vehicle Service Operations, has revealed the company is working to make things easier for owners.

It is no secret that getting in touch with Tesla Service is easier said than done. In fact, CEO Elon Musk has even had to step up on X to get some issues resolved.

Elon Musk is stepping up for Tesla Service in a big way

But Tesla has done a good job of confronting the shortcomings, especially when it comes to communication between the Service Center and owners.

It started a pilot program at select service locations that shared local and regional leader contact information so customers could reach out if they had an issue with diagnostic, warranty, or estimate issues.

Tesla also enabled an extended in-app messaging option, which gives owners 24 hours to contact Service regarding any complaints they might have. Previously, the messaging option was only available for two hours.

The small change made to utilize Live Updates gives Tesla owners the opportunity to peek at their Service status without being overly communicative and pestering employees. It’s a small change, but it’s a good one.

Unfortunately, it is not available for Android users quite yet.

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Tesla job postings seem to show next surprise market entry

The company has several job postings for various roles, including Associate Sales Manager, Advisors in Sales and Delivery, and Service Technicians.

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Credit: Felipe Marambio | LinkedIn

Tesla’s recent job postings on its Careers website seem to show its next market entry, and it is a bit of a surprise.

Moving forward, Tesla is basically looking to expand its footprint wherever possible. It has already made a major splash in various global markets, and it has managed to make its way to several regions where things were more difficult and delayed.

Most notably, this includes India, where Tesla just recently started operations.

However, the company is now looking to expand in the Western Hemisphere, and recent job postings from Tesla show that it has its eyes set on a new South American market: Colombia.

The company has several job postings for various roles, including Associate Sales Manager, Advisors in Sales and Delivery, and Service Technicians.

The locations include Medellin and Bogota, two of Colombia’s most populated and important regions.

Tesla’s presence in South America is extremely limited, and if it decides to launch in Colombia in the coming weeks, it will only be the second country on the continent where the company has a dedicated presence.

Tesla has only two Supercharger locations in all of South America, both in Chile, and both are located near Santiago, a major city situated in the center of the country. One major thing Tesla will need to do after launching in more countries across South America is to establish a more dedicated charging presence.

Tesla Superchargers follow Model 3 and Model Y to South American country

It is surprising Tesla has not tried to enter Argentina or Brazil, but demand has to be there, and South America is not necessarily a hotbed for electric vehicles.

However, last year saw significant growth in the market for EV demand, with a 187 percent increase year over year, led by Brazil and Uruguay. These statistics come from Bloomberg.

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Investor's Corner

Tesla Q3 deliveries could exceed expectations: Wolfe Research

“Q3 is poised to be a strong quarter,” the firm noted.

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Credit: Tesla China

Tesla (NASDAQ:TSLA) could deliver a stronger-than-expected third quarter, as per Wolfe Research, which stated that the EV maker’s vehicle deliveries could reach between 465,000 and 470,000 units this Q3 2025. 

Such results would represent a 22% increase from Q2, topping consensus estimates of 445,000. “Q3 is poised to be a strong quarter,” the firm noted.

U.S. and China demand

In the U.S., Wolfe attributed part of the volume lift to consumers accelerating purchases ahead of the expiration of a $7,500 federal EV tax credit. The firm is also optimistic about China’s deliveries, which the firm noted is trending above prior expectations. Wolfe estimated 165,000–170,000 deliveries in China for the third quarter, or about 10,000 more than its earlier forecast, as noted n a Yahoo Finance report.

The firm noted that these figures do not yet include meaningful contributions from the newly launched Model Y L. “We estimate 165-170k deliveries in Q3, or ~10k above our prior est,” Wolfe stated, though these volumes “largely do not reflect the recent launch of the Model Y L.”

Earnings outlook

Wolfe noted that it expects Tesla’s Q3 earnings per share to fall between $0.55 and $0.60, which is above the current consensus of $0.49 per share. The firm forecasts automotive gross margins, excluding regulatory credits, of about 16.5% to 17%. 

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Looking ahead, Wolfe warned that Q4 could prove more challenging due to U.S. demand being pulled forward by tax incentives. Still, Wolfe suggested that factors like stronger seasonal demand in China and Europe could become tailwinds that could help the company’s volumes in the fourth quarter. The ramp and rollout of the Model Y L and upcoming affordable models could also help bolster the company’s Q4 volumes.

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