At the morning of October 20, Tesla released its third-quarter financial report. The company's third-quarter operating profit increased to US$3.7 billion year-on-year, with an operating profit margin of 17.2%. After the financial report was released, Musk said in response to investor questions that we will have an epic end of the year, and the car delivery volume is expected to be a record in the fourth quarter, and the company expects vehicle demand in the fourth quarter to be quite good. In addition, Tesla is studying a more affordable next-generation vehicle platform.
Tesla Auto
As for Tesla's new platform, Musk said that although there is no exact date yet, the company's car development team's main energy is to develop the next generation of cars. Musk himself estimates that its cost is only half of that of Tesla Model 3, and its output may be higher than the total of all Tesla's current automotive products.
Tesla Model 3
Referring to the domestic market, although Tesla's sales are very considerable, production capacity and pricing are still the reasons why many people do not choose Tesla. Tesla's cheapest model is Tesla Model 3, with a starting price of 290,000 yuan in China. At this price, you can already buy a luxury brand B-class fuel car.
If Tesla's new model can reduce the cost and selling price to half and ensure production capacity, it will have a great impact on models of about 100,000 yuan. In addition, Musk also made bold statements at the meeting, believing that Tesla is on the right track to exceed Apple and Saudi Aramco. He expects Tesla's market value to reach twice that of Saudi Aramco.