Tesla e-cars will become drastically cheaper in the future, CEO Elon Musk promises to investors.
Austin, Texas - Tesla boss Elon Musk has announced a significant drop in prices for electric cars.
It is possible to halve the costs for future vehicle generations, explained the group boss at the annual "Investor Day" in Austin.
This should be possible with the "Master Plan 3".
However, no concrete implementation plans were presented.
The Model 3 is currently the cheapest Tesla model.
On the official website, the basic equipment costs 43,990 euros.
Observers had previously expected Tesla to announce a smaller and more affordable electric vehicle.
You have been disappointed.
The market reacted soberly to the vague announcements.
Tesla shares fell more than 5 percent in after-hours trading.
Tesla stock, however, had rebounded from its 2022 declines weeks earlier and was up more than 60 percent year-to-date.
Tesla boss Elon Musk: Future Tesla generations should be cheaper.
© Carina Johansen/dpa
Tesla: The group wants to push the energy storage business
In the webcast, Musk and other Tesla executives spoke at length about the global use of sustainable energy.
They announced that Tesla would play an active role in "reviving the power grid with renewable fuels" beyond electric mobility.
The group not only offers electric vehicles, but is also active as a provider of energy storage systems for private households, particularly in the USA.
The company reported deliveries of around 1.3 million vehicles for 2022.
Tesla has set a goal of producing around 20 million electric vehicles per year by 2030, the company's management confirmed.
Tesla's chief financial officer, Zach Kirkhorn, estimated that the company would need to invest six times more than it currently does to reach that long-term goal.
The cost could be as high as $175 billion, he said.
Tesla: Pickup Cybertruck should come in 2023
With the prospect of increasing capacity, the question arises as to whether Tesla would not have to significantly expand its model range for this.
The automaker has so far only offered models that are at the top end of the market.
The Tesla Cybertruck pickup model was announced in 2019, but has not yet been mass-produced.
The Tesla managers promised that the Cybertruck should come onto the market in larger numbers this year.
According to Tom Zhu, who is responsible for worldwide production in the group, Tesla has produced a total of four million cars to date.
“It took us 12 years to build the first million and about 18 months for the second million.
For the third million, it was 11 months.
It then took us less than 7 months to reach the fourth million," Zhu said, citing the company's improved operational efficiency.
Tesla currently has a production capacity of almost two million vehicles per year.
In comparison to classic automotive groups, however, this is comparatively little.
In its best year, Volkswagen produced almost eleven million vehicles and has more than 100 factories.
List of rubrics: © Carina Johansen/dpa