Tesla’s Strategy for The Next Five Years

Elon Musk has a new master plan. However, it is not ready yet. At a stakeholder meeting in August, Musk was asked about the company’s five-year plan and an updated master plan. He didn’t go into specifics. However, Tesla’s IR chief allegedly spilled the beans at a tech conference hosted by Goldman Sachs. Martin Viecha provided one of the world’s largest investment banks with extensive information on how the company would look and what it will accomplish by 2027-28.

Tesla has unquestionably led the way in the electric vehicle industry. However, as more major automakers scale up electric vehicle production, that space becomes more competitive. The investors in the audience wanted to know how Tesla would compete. Viecha recited figures from Tesla’s second-quarter earnings call.

With production costs lowering, interest in a less-priced Tesla is growing. The company did not mention the term “Model 2”. Still, it is clear that this has been on the company’s radar for some time. According to Viecha, the company aims to be a high-volume automaker. As a result, a more cheap solution is required to widen the range.

A New Model Is Unlikely

However, demand for the Model 3 and Model Y is high. Therefore a new Model is unlikely to be released very soon. This is critical since the head of investor relations stated that a cheaper Tesla would be utilized in constructing the Robotaxi.

Of course, investors wanted assurances on Full Self-Driving. Musk has indicated publicly that FSD has the potential to increase the company’s value significantly. Over 100,000 persons in the United States use FSD.

It’s also worth noting that Viecha assigned generation numbers to Tesla items. The Model 3 and Model Y is the second generation. However, with the Tesla Semi on the road and the Cybertruck on the way next year, he may wish to adjust the generation breakdown for the next investor conference.