BERLIN — Tesla CEO Elon Musk stated the automaker has stopped work for now on a compact electrical automobile, which earlier reviews stated was being developed for the European market.
“We aren’t at present engaged on a $25,000 automobile,” Musk stated throughout the firm’s fourth-quarter earnings name on Jan. 26. “In some unspecified time in the future we are going to. However we have now sufficient on our plate proper now — an excessive amount of on our plate frankly,” Musk stated.
Media reviews had stated Tesla plans to launch the Mannequin 2 as its smallest automobile and that it could be constructed on the firm’s manufacturing unit now nearing completion in Gruenheide outdoors of Berlin, Germany.
Musk instructed analysts on the earnings name that Tesla might be focusing its efforts this yr on rising capability at present crops in California and China and starting manufacturing at its new factories in Austin, Texas and Gruenheide.
He stated the automaker wouldn’t be launching any new fashions in 2022, pushing back the launch of its Cybertruck electrical pickup to subsequent yr.
“It is vital to start the ramp of Austin and Berlin to make sure that we’re ready as soon as limitations ease, enabling us to extend whole output extra rapidly sooner or later,” he stated.
“We have begun manufacturing at each Texas and Berlin — we began that final quarter. However that is not a very powerful factor. We focus extra on after we get to quantity manufacturing and when can we ship vehicles to prospects,” Musk stated.
Tesla is at present carrying preproduction testing on the Gruenheide manufacturing unit whereas it awaits ultimate approval from native authorities. Musk stated he would visit the plant in mid-February. Bureaucratic hurdles and an ongoing courtroom case over the manufacturing unit’s water use have delayed the opening of the power for months.
Tesla’s European car gross sales rose 72 p.c to 168,613 final yr, in response to JATO Dynamics market researcher.
The Mannequin three was the automaker’s bestseller in Europe with140,421 gross sales, up 63 p.c year-on-year, making it Europe’s top-selling full-electric car. Tesla started importing the Mannequin Y into Europe from China in July and offered 27,839 models, in response to JATO. The corporate offered 230 Mannequin X SUVs and 133 Mannequin S sedans.
Tesla has stated as much as 500,000 Mannequin Y midsize SUVs may very well be produced on the Grunheide plant as soon as it’s absolutely operational.
Tesla’s fourth-quarter net income rose to $2.3 billion, whereas revenues jumped 65 p.c to $17.7 billion as the corporate managed to promote a document variety of autos regardless of provide chain headwinds.