Part 6/13:
Moreover, Tesla aims to begin production of new models by late H1 2024, possibly around June, although skepticism remains about whether this timeline is ambitious or conservative. Elon’s optimism suggests a retrofit approach that leverages modular, unboxed components—using what they term “modules”—to streamline manufacturing, reduce costs, and accelerate ramp-up for upcoming platforms.
Cost Management and Battery Strategy
Tesla continues to demonstrate cost discipline and operational efficiency. The company guided for an impressive 24% gross margin on Megapacks, their energy storage product, largely reflecting improvements in manufacturing processes and economies of scale.