Tesla's $25K Car Design and 2024 EV Predictions

Tesla's potential to reach 1.92 million EVs in 2024, including the introduction of the $25k car design, and the rollout of the Cybertruck, positions the company as a significant player in the EV market with a strong competitive advantage 

Questions to inspire discussion 

• What are Tesla's predictions for vehicle production in 2024?

  —Tesla is expected to reach a volume of 1.92 million EVs in 2024, with a potential increase in North America through the model Y and new model 3.

• What is the expected price of Tesla's $25k car design?

  —The speaker believes that the price of the Tesla $25K car will be around 2.2 to 2.4 and hopes that it will be closer to 2.4.

• What is the status of Tesla's Full Self-Driving (FSD) technology?

  —FSD is expected to be announced soon in China and Europe, with strong rumors suggesting its release, and Tesla is focusing on expanding the availability of FSD globally.

• What is the timeline for the release of Tesla's $25k car design?

  —Tesla is on track to design a $25K car by Q1 2024, with a reveal likely closer to the ramp, and it is expected to be the most important product Tesla has ever done.

• How is Tesla's supply chain expected to impact the industry in 2024?

  —Tesla's supply chain will exert itself in 2024, impacting investor cogs and supply availability, with a focus on cost reduction and improvement in inventory and vehicle deliveries.

Key Insights

• 🚗 Tesla's potential to reach 1.92 million EVs in 2024 with a 55% share of EVs in the US is a significant milestone in the EV market.
• 🚗 Tesla's controlled introduction and rollout of the Cybertruck is a smart move, considering the new technology and changes in vehicle physics.
• 📈 The Tesla truck is projected to become the highest selling EV truck in North America in its first year, despite the newness of the vehicle.
• 🚗 The $25k car design lock in Q1 2024 is one of the most important products Tesla has ever done.
• 🚗 Elon Musk's prediction of the $25K Tesla car design being done by Q1 2024 is a bold and ambitious goal.
• 🚗 The Tesla $25K car design is a game-changer for the company, putting it in a different tier in terms of leverage and building products for consumers.
• 🛠️ The Cybertruck allowed Tesla to introduce new technology at a low velocity to detect and resolve issues quickly, which will be carried forward to future vehicles.
• 🏭 Tesla's leverage in the supply chain industry will give them best-in-class pricing, availability, and overall terms, putting them in a position to win in the
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Clips 

• 00:00 🚗 Tesla is expected to achieve major developments in 2024, including a $25K car design, increased vehicle production, and growth in EV adoption and competition.
  • Tesla is expected to accomplish big things in 2024, with predictions for vehicle production, Cybertruck, FSD, compact car, and other major developments.
  • Tesla is expected to guide to a volume of 1.92 million EVs in 2024, with a potential increase in North America through the model Y and new model 3.
  • Tesla's model 3, snx, and cybertruck will continue to gain volume in North America and China, with slow return from covid, but continued growth in EV adoption and competition in China, and modest growth in Europe, as a transition year before the release of the $25k vehicle.
  • Tesla is expected to announce a $25K car design in their upcoming earnings call, with potential savings from EV incentives in the US.
  • The speaker believes that the price of the Tesla $25K car will be around 2.2 to 2.4 and hopes that it will be closer to 2.4.
• 04:43 🚗 Tesla is expanding FSD globally, may partner with another OEM, and is predicted to announce a FSD license partner, boosting the stock.
  • FSD is expected to be announced soon in China and Europe, with strong rumors suggesting its release.
  • Tesla is focusing on expanding the availability of FSD globally and may announce a partnership with another OEM to purchase engineering support and hardware capability.
  • There are concerns about the economics of remote driving and robo taxis, with reports of mixed results and questions about scalability.
  • Tesla is predicted to announce a FSD license partner, expanding to Europe and China, which will significantly boost the stock.
• 08:45 🚗 Tesla's $25K car design is on track for completion in Q1 2024, with a focus on partnership, FSD investment, and a controlled introduction of new technology for future success.
  • Tesla's partnership with other OEMs shows confidence in their viability, and the company's investment in FSD and network infrastructure is significant for their future success.
  • Tesla is on track to design a $25K car by Q1 2024, which will provide significant economic value and leverage in the industry.
  • Tesla's cybertruck is expected to be the number one electric vehicle truck in its first year, with a controlled introduction and rollout of new technology and construction methods.
  • Bugs and conditions in new Tesla car design need to be tested and resolved before mass production.
  • Tesla's smart approach involves a slower introduction of new technology to address and fix issues before ramping up production volumes.
  • Tesla's $25K car design is expected to be completed in Q1 2024, with a conservative estimate of 70-80,000 units and potential to become the highest selling EV truck in North America in its first year.
• 14:24 🚗 Tesla's $25K car design will be finalized in Q1 2024, leading to a rapid increase in production and a reveal closer to the ramp, making it the most important product Tesla has ever done.
  • The speaker explains that in order to reach the predicted numbers, there will be slow growth initially, followed by a rapid increase in the final quarter.
  • Tesla's $25K car design will be locked in Q1 2024, with a reveal likely closer to the ramp and it is expected to be the most important product Tesla has ever done.
  • Elon Musk announced in May 2022 that the design for the Cybertruck was finalized and it took over a year to start production.
  • Tesla is expected to have the design for their $25K car locked in by Q1 2024, leading to a ramp up in the first half of 2025 and a reveal closer to the ramp.
• 17:54 🚗 Tesla plans to have a $25K car ready for order, aiming to make it a mass market vehicle with a utilitarian design and new technology, while reducing costs by simplifying components.
  • Tesla will have tens of thousands, maybe 100 thousand, of the $25K cars built and ready to order, putting the company in a different tier and making it a mass market vehicle.
  • Tesla is working on a $25K car design that will be utilitarian and have a new production line, with potential crossover from the Cybertruck and introduction of new technology.
  • Tesla's goal is to reduce the cost of the $25k car by eliminating and simplifying components without disturbing the consumer.
• 21:02 🚗 Tesla plans to build a $25K compact car by Q1 2024, aiming to double production and leverage the supply base to change the automotive industry.
  • Simplify and combine processes and materials to streamline production and reduce costs.
  • Tesla is planning to build a compact car with the goal of doubling production and putting targets on suppliers to meet or exceed goals in order to leverage the supply base and change the automotive industry.
• 23:25 🚗 Tesla is shifting focus to capital investment and efficiency, restarting expansion efforts in multiple factories and hiring for various roles.
  • Tesla's tone and actions are changing, with a focus on capital investment, hiring, and efficiency.
  • Tesla doesn't need to announce everything they do with every factory to the public, they can talk about their capital plan and earnings calls, and Elon Musk had to make pricing moves to match what was happening with suppliers and sellout velocity.
  • Tesla has restarted expansion efforts in multiple factories, including in India and Mexico, and is hiring for various roles, indicating they are back in expansionary mode.
• 26:42 🚗 Tesla's optimistic outlook and focus on supply chain control, along with the new $25K car design, will give them significant leverage and potential for industry success in 2024.
  • Elon Musk's tone and actions suggest a potentially more optimistic outlook for Tesla's future, with a focus on expansion and supply chain control.
  • Tesla is highly rated by Gartner for supply chain resiliency and control of cost structure, with no other auto suppliers ranked higher.
  • Tesla's new $25K car design is expected to be a game-changer due to their strong supply chain and plans for expansion.
  • Tesla is working on a new vehicle that will give them leverage over their supply base and they want to work with unconventional suppliers who are like-minded.
  • Tesla will have significant leverage in the supply chain industry, leading to best-in-class pricing, availability, and terms, putting them in a position to win in the industry.
  • Tesla's supply chain will exert itself in 2024, impacting investor cogs and supply availability, with a focus on cost reduction and improvement in inventory and vehicle deliveries.

 ------------------------------------- 0:34:14 2024-01-09T19:47:42Z

Review

This content focuses on Tesla's plans and predictions for 2024, particularly regarding their electric vehicle (EV) production, the introduction of a $25k car design, and the rollout of the Cybertruck.

The key points from this analysis are as follows:

Tesla's 2024 EV Production Predictions

• Production Volume: Tesla is anticipated to produce 1.92 million EVs in 2024. This increase is expected to be driven by the Model Y and a new Model 3, particularly in North America.
• $25k Car Design: There's a significant focus on the introduction of a Tesla car priced at around $25k, which is seen as a game-changer for the company and the EV market.
• Full Self-Driving (FSD) Technology: FSD is expected to be announced soon in China and Europe. Tesla is focusing on expanding its global availability.

Key Insights and Developments

• EV Market Share: Tesla aims for a 55% share of EVs in the US by 2024.
• Cybertruck: The controlled introduction and rollout of the Cybertruck are strategic moves considering its new technology and changes in vehicle physics.
• Supply Chain Leverage: Tesla’s influence on the supply chain is expected to result in best-in-class pricing and availability, enhancing their competitive advantage.

Clips and Time-Stamps

The content includes time-stamped clips from a likely video source, providing insights into various strategic aspects of Tesla's plans for 2024. These clips cover topics like:

• Tesla's major developments in 2024, including the $25K car design and Cybertruck rollout.
• The global expansion of FSD technology and potential partnerships.
• The anticipated timeline and impact of the $25K car design.
• Tesla’s focus on capital investment, efficiency, and expansion efforts in various factories.
• The optimistic outlook for Tesla in 2024, driven by supply chain control and the new $25K car design.

Conclusion

Overall, the report indicates a strong and ambitious path for Tesla in 2024, with the company set to make significant strides in EV production and technological advancements.

The introduction of a $25k car design and the rollout of the Cybertruck are particularly notable, positioning Tesla as a pivotal player in the EV market.

The focus on supply chain efficiencies, global expansion of FSD technology, and strategic partnerships are also highlighted as key factors contributing to Tesla's potential success in the coming year.