Tesla CEO Elon Musk made exciting announcements about two upcoming electric vehicles (EVs) during the company’s 2023 annual shareholder’s meeting. Musk emphasized that Tesla is actively working on designing and building a new product, showcasing the company’s commitment to innovation.
While specific details were not provided, a rendered image of a vehicle silhouette was displayed, giving a glimpse of one of the upcoming models. This could potentially be the highly anticipated $25,000 hatchback that Musk previously mentioned. However, Musk clarified that the meeting was not the appropriate venue for a new product announcement and that a formal launch would take place in the future.
Although the exact stage of production was not clarified, it is likely that Tesla is currently developing a prototype rather than a full-scale production vehicle. During the Investor Day event, Tesla showcased two car outlines, indicating the introduction of more affordable models expected to achieve higher sales volumes. Musk estimates that these two models combined could surpass 5 million units per year.
In addition to the EVs, Tesla confirmed plans to build a gigafactory in Mexico, which has fueled speculation that this facility might be dedicated to producing the anticipated hatchback, often referred to as the “Model 2” by Tesla enthusiasts.
While discussing Tesla’s progress in autonomous driving technology, Musk touched upon the concept of robotaxis, which he has mentioned in the past. However, he expressed the view that ride-sharing would become less relevant in a self-driving world. Musk reiterated his confidence in Tesla’s progress toward achieving full self-driving capabilities, a goal the company has been actively pursuing.
During the shareholder meeting, Tesla also shared that former CTO JB Straubel will rejoin the company’s board, further reinforcing the leadership and expertise within the organization. Furthermore, Tesla acknowledged its intention to explore traditional advertising methods to promote new features, signaling a potential shift in its marketing strategy.
As Tesla continues to innovate and expand its product lineup, these announcements demonstrate the company’s commitment to pushing the boundaries of EV technology and its determination to remain at the forefront of the industry.