During the Q3 2022 Tesla conference call, a question was asked regarding the on-again, off-again lower-cost Tesla vehicle that many people think is critical to Tesla reaching 10 million car sales a year, let alone
the company’s targeted 20 million. An institutional investor asked, “The progression from Tesla’s first platform with S/X to the second platform with 3/Y led to a 50% reduction in COGS. When do you see Tesla’s third platform being released and what level of COGS reduction could you achieve?”
Lars Moravy, VP of Vehicle Engineering, added, “Yeah, I mean, obviously we’re going to take everything we learned from S/X, 3/Y, Cybertruck, and Semi and pour it into that platform. As you’ve said to us many times, we’re on a 2-for-1 target, so, you know that implies trying to get to that 50% number again.”
Tesla is developing a third vehicle platform that should undercut the cost of goods sold for Model 3 and Model Y similarly to how 3 & Y undercut Model X and Model X. Eventually— The Kilowatts 🚗⚡️ But it was one particular response from popular Tesla Twitter account Whole Mars Catalog that stood out — because it went beyond the normal commentary and also got a “like” on Twitter from Elon Musk.
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