Tesla's push to cut vehicle costs may see Model 3 priced under $35k: Goldman
Among other things, the electric carmaker said it plans to introduce new models, including more affordable options, by combining elements of its next-generation vehicle platform—aimed at reducing the cost of goods sold from around $40,000 to $20,000 per vehicle—with aspects of its current platforms. These new models will be manufactured within existing production lines.
Considering Tesla's tight timeframe for introducing new models and its plan to use existing manufacturing lines, Goldman Sachs analysts believe the new lower-cost models will likely incorporate design elements from the Model 3 and/or Model Y. If Tesla can achieve roughly a quarter to a third of its original cost reduction target, it would result in an estimated $5,000 to $7,500 reduction in cost per vehicle when scaled to higher production volumes, Goldman continued.
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