Tesla CEO Elon Musk said that the Cybertruck and other “future products” that the company is not ready to announce will have even more simplicity through various manufacturing improvements.
During Tesla’s Q2 2022 Earnings Call on Wednesday, Musk detailed new manufacturing improvements that are present in the company’s new factories in Berlin and Austin. “We made a lot of advancements in manufacturing improvements in several processes. As we now show in the Shareholder Deck, thanks to the large castings, we make the world’s largest castings, we reduced body welding robot count by 70 percent by unit of capacity in Austin and Berlin,” Musk said.
These processes have resulted in lighter, less expensive automotive bodies that have reduced road noise harshness and vibration. “It’s good on every level,” he added.
Musk did not stop there. He went on to indicate that the Cybertruck and “future products” (that the company was not ready to discuss quite yet) would feature even more manufacturing efficiencies, which should increase production rates at Tesla’s newest plants.
Regarding the “future products,” Musk said:
“…future products, that we’re not quite ready to talk about now, but I think will be very exciting to unveil in the future.”
Earlier this year, at the company’s Q4 2021 Earnings Call in January, Musk updated investors and others that the automaker would not be developing any new products in 2022. It would also push Cybertruck manufacturing dates back to 2023. It is a bit of a surprise at this point to hear Musk tease future products, given that just two calls ago, the automaker remained focused on avoiding any issues with supply chain. However, the company reported an extremely healthy balance sheet in Q2, beating consensus estimates handily.
Tesla still has yet to release any Semi or Roadster details this year, with the former vehicle being spotted several times throughout the first half of 2022. However, the Class 8 truck will likely also be pushed to 2023 as battery cells are being saved for mass-market vehicles, like the Model 3 and Model Y.
However, some talk of Tesla’s potential $25,000 model swirled late last year, but Musk shot down the possibility of it being built this year. An affordable model may be what Tesla needs in terms of reaching out to those who are unwilling to shell out over $40,000 for the company’s base-level Model 3. Even still, Tesla’s demand outweighs its ability to supply its customers, a situation that will only improve as Gigafactory Berlin and Texas continue to ramp.
With these manufacturing efficiencies that Musk announced on the call, expect Berlin and Texas to get rolling on Model Y output sooner than anticipated. Additionally, the Cybertruck and “future models” will only be a further indication of the company’s manufacturing prowess.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at [email protected] You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at [email protected]