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rangeDSP t1_j9t7pzg wrote

I don't think Tesla is going for the low cost low margin route, pretty sure the model 3 is the cheapest they are gonna get. With other manufacturers getting into the game, they'll be facing stiff competition for a race to the bottom.

Also their production capacity can't even keep up with whatever they are selling now, so I think their best next move would be to put focus on the higher end market and maintain their "luxury" brand image.

Edit: Nevermind just saw OP's link

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Surur t1_j9t7xlj wrote

It's confirmed, the only question is when (which if course could be years with Tesla):

> During the 2022 Q3 financial report, Elon Musk confirmed that Tesla has begun developing a smaller, cheaper EV that could be an alternative to the Volkswagen ID3 and Cupra Born.

> He said: “We’ve done the engineering for Cybertruck and Semi, so you can guess what we’re working on which is the next generation vehicle which will be about half the cost of the Model 3 and Y.

> “It will be smaller to be fair, but I think it will shortly exceed production of all our other vehicles combined.”

https://www.carwow.co.uk/tesla/news/5220/new-tesla-ev-compact-electric-car-hatchback-price-specs-release-date

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ZurakZigil t1_j9vomnv wrote

q3 of 2022? started? we aren't going to see that car until 2025 lol

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rideincircles t1_j9vr5ts wrote

The compact will be designed entirely for high volume manufacturing and they are going to need a bunch of casting machines for it. They will need it to be in production by 2025 just to maintain their growth targets.

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Fritzo2162 t1_j9u94ds wrote

BMW is in cahoots with Tesla right now to make some kind of ultra-cheap EV. Will be interesting to see what comes out of that. BMW bought up some kind of solid-state battery tech patents, so they have something up their German sleeves.

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