2023-11-06 10:29:00
Tesla will manufacture a car costing 25,000 euros in its factory near Berlin, a source familiar with the matter told Archyde.com on Monday, November 6. The source, who preferred to remain anonymous, did not, however, specify the start date of production. Tesla did not wish to comment on the subject. This project is very ambitious since, for the moment, the prices of the brand’s vehicles are currently above 40,000 euros.
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In fact, this decision, if it is indeed confirmed, marks a long-awaited development for the electric vehicle manufacturer. It comes as Elon Musk, CEO of Tesla, visited the Gruenheide factory, near Berlin, last Friday following attending a summit on artificial intelligence in England. He thanked the factory staff for their work, according to a video posted on X (formerly Twitter). At the same meeting, he also informed staff of plans to manufacture the 25,000 euro vehicle, according to the source.
Elon Musk has long talked regarding the possibility of developing a more affordable electric car. In 2022, however, he admitted that he had not yet mastered the technology and had therefore put the project aside. In September, however, sources told Archyde.com that the automaker was moving closer to an innovation that would allow it to pressure-manufacture almost the entire electric vehicle underbody in a single piece, a move that would help speed up the process. production and reduce costs.
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Results below expectations
Slow economic growth and high interest rates have so far weighed on demand for electric vehicles, prompting Tesla and other manufacturers to cut prices in recent months to try to revive sales. On October 19, the American automaker revealed third-quarter results below analysts’ expectations, emphasizing that production costs at its new factories remained higher than at its old manufacturing sites in a context of falling tariffs. .
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The group, which has made significant price reductions in recent months, recorded a turnover of 23.35 billion dollars between July and September (+9%) and a net profit per share excluding exceptional items of 66 cents – reference for the markets. The manufacturer warned on October 2 that its production and delivery volumes had been affected in the third quarter by planned maintenance operations.
From July to October, production reached 430,488 vehicles while 435,059 vehicles were delivered, Tesla said, without giving geographic details. He nevertheless intends to increase his production “ as fast as possible », assured Elon Musk, while warning that “ some years we may gain weight more quickly and others less quickly ».
The group had once once more confirmed its objective of producing 1.8 million vehicles in 2023. In a context of high interest rates, “ we need to make our cars more affordable » so that people can buy them, the Tesla boss insisted during an audio conference.
(With agencies)
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