Tesla picks Texas, will redesign Mannequin Y for European manufacturing

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020

Enlarge / Tesla CEO Elon Musk attends a gap ceremony for Tesla China-made Mannequin Y program in Shanghai, east China, Jan. 7, 2020 (credit score: Xinhua/Ding Ting through Getty Photographs)

On Tuesday afternoon, Tesla CEO Elon Musk answered questions from buyers following the publication of the corporate’s newest quarterly outcomes. The headlines information is that it has picked Texas as the location for its subsequent manufacturing unit. When requested what number of vehicles this new automobile plant might construct, Musk informed the decision that “long run—lots,” with a chuckle.

Musk refused to be drawn on specifics about any new Tesla EVs past those we already find out about. “It is affordable to imagine we would make a compact car… sooner or later,” he mentioned, earlier than stating that the corporate has a protracted method to go together with the Fashions three and Y.

The most important asset worth improve in historical past

Musk nonetheless believes that the introduction of a very autonomous driving system will likely be a sport changer for Tesla, and predicted that it could lead to a five-fold improve within the worth of a automobile due to a lot larger utilization. With reference to that program, the “main milestone is the transition of the autonomy system—or the automobile’s AI—from considering in like 2.5D, doing picture recognition, partially correlated in time, to 4D. What we have been doing this far is admittedly largely 2D and never nicely correlated in time. It is laborious to convey simply how a lot better a totally 4D system would work,” Musk mentioned.

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