Tesla will announce its third generation vehicle platform at its Investor Day event in March
Tesla's worth in the stock market plummeted to end 2022 and to start 2023; it posted lower-than-expected deliveries. There are no doubts that investors are uncertain, which may be why the company announced its first-ever Investor Day. The event will take place on March 1, 2023, and the company provided a few tidbits of what to expect, including the generation three platform.
Generation 3 Platform
Picking up where Elon Musk left the third quarter earnings call, Tesla is ready to announce plans for the next phase of the company's production. During the call in October, Musk said, "we don't want to talk exact dates, but this is the primary focus of our new vehicle development team, obviously. At this point, we've done the engineering for Cybertrucks and Semi. So, it's obviously what we're working on, which is the next-generation vehicle."
The CEO also revealed that the engineers were tasked with a two-for-one target, including cutting costs and production times. Musk added, "we're twice the output. And we do believe this can be done."
What's the Next Tesla Product?
During the Semi delivery event on December 1, 2022, there was a slide titled: Covering Major Forms of Terrestrial Transport. The slide included Models S, 3, X, Y, Semi, Cybertruck and Robotaxi. Robotaxi also appeared in the second quarter earnings report indicating that it was 'in development.'
However, there is speculation that the third generation could be the most affordable Tesla yet. The number most often heard is $25,000, which, if true, would be a game changer by removing the most significant barrier for many people who want to own an electric vehicle.
Musk said, "It will be smaller, to be clear. But it will, I think, certainly become, certainly exceed the production of all our other vehicles combined." That would be music to investors' ears.
Making things even more interesting, Tesla's Chief Designer, Franz von Holzhausen, was recently asked to name his favorite model. He responded, "my favorite one is the one that is coming. I can't talk about (it)." I speculated the sports car fan who grew up in the wedge era and had posters of Lamborghini Countachs on his wall must've been referring to the next Roadster. But von Holzhausen also talked about how cool it is to see Teslas everywhere; perhaps he is excited to see a more affordable Tesla hit the market.
According to the short news release Tesla sent out announcing Investor Day, the company will also discuss long-term expansion plans, capital allocation and other subjects. However, Tesla's earnings call is scheduled for January 25, and we will get more information, or yet another tease, of what is next for the company.
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Tesla has signaled a more open approach by allowing other automakers to access its Supercharger network. This move, spurred on by a groundbreaking deal with Ford, is more than a simple act of corporate benevolence. Superchargers, now a significant profit center for Tesla, could potentially revolutionize the electric vehicle charging infrastructure by making it universally accessible.
Patents Unleashed: A Closer Look
Tesla has also made strides in the world of intellectual property, opening up select patents to other automakers. This move echoes a similar step taken nearly a decade ago when Tesla announced an open-source approach to its patents. However, the details warrant attention. Tesla isn't giving away these patents out of pure altruism. There's an important caveat; Tesla requires a cross-license deal, effectively asking for access to the other automakers' patents in return. Critics argue that this does not constitute "free" access. It's a strategic maneuver aimed at mutual growth rather than unilateral generosity.
FSD and Autopilot: A Bold Proposition
Adding to the mix, Tesla's CEO Elon Musk announced the possibility of licensing Autopilot and Full Self-Driving (FSD) technologies to other automakers. This move could transform the landscape of autonomous driving by making Tesla's advanced technologies more widely accessible. However, the practical implementation is a complex process. Past discussions about licensing self-driving technology to other automakers have not materialized, indicating potential hurdles ahead.
An Industry Gamechanger
While the recent developments have generated much buzz, the long-term implications for Tesla and the electric vehicle industry remain unclear. Directly licensing technologies and working with companies that have designed them is a viable way to accelerate technological adoption. Tesla's moves could pave the way for more partnerships akin to its early collaborations with Daimler and Toyota. However, the willingness and ability of other automakers to integrate Tesla's technology remain to be seen.
The overarching narrative here aligns with Tesla's mission statement to help accelerate the world's transition to sustainable energy. By allowing broader access to its technologies, Tesla stands to propel the entire industry forward, even if it potentially narrows its competitive edge. But as Musk stated, "Patents do not define technology leadership...but rather by the ability of a company to attract and motivate the world's most talented engineers."
Whether this bold gambit will yield the intended results or backfire remains a question only time will answer. For now, Tesla continues to push boundaries, challenging the status quo in its relentless pursuit of a sustainable future.
In the ongoing quest to deliver advanced vehicular technology, Tesla never fails to surprise. Tesla enthusiasts have new reasons to rejoice as a host of features are set to augment Service Mode in an upcoming software update.
Pioneering Enhancements: From Diagnostics to Calibrations
With every update, Tesla's futuristic touch becomes more evident. Michal Gapinski, creator of the Tesla Android Project, which famously enables Apple CarPlay in Teslas through a web-based solution, has shared some upcoming features to Tesla's Service Mode with us. In a forthcoming software update, Service Mode will house new diagnostic screens for seat belts, the HVAC system, and what appears to be a new window calibration screen. These screens promise to provide a comprehensive, accessible system check-up that offers valuable insights into your Tesla's health.
Sealt Belt Service Menu
Tesla is making improvements to its Service Mode
The first new Service Mode menu appears to display details about Tesla's seat sensors, seat belts and the restraint control module (RCM). The car's visualization is displayed from the top with various areas are highlighted around the vehicle including what appears to be the seat sensors, seat belt buckles and retractors. Tesla displayed how they're tied together and how they communicate with the RCM.
New Window Calibration Menu
Tesla is making improvements to its window calibration system
But that's not all. Tesla also appears to be adding a new menu for calibrating vehicle windows. This updated window calibration menu features a new visualization, lets you easily calibrate each window individually and displays the generation of the hardware installed.
A particularly intriguing feature in the upcoming update is a dedicated service mode for Tesla's HVAC (Heating, Ventilation, and Air Conditioning) system. This unique feature will display fan RPM and temperatures in various areas, seemingly allowing a multi-angle view of the HVAC system's visualization.
Though Service Mode is tailored for technicians or Tesla owners with a deep understanding of their vehicle, it offers a new level of engagement, providing detailed insights that can help troubleshoot, reset, calibrate, and even configure new parts.
Accessing Service Mode
To access Service Mode, navigate to Controls > Software, and tap and hold on the vehicle's model name that appears underneath the car's image until a water ripple appears. Then release and type 'service' in the dialog box before hitting 'ok'. It is crucial, however, not to make changes unless you understand the implications fully, as they could negatively affect the vehicle. Moreover, DO NOT drive with Service Mode activated, as it disables critical safety features like traction control.
While the new Service Mode features are not in production yet, they are expected to debut in an upcoming update. As we eagerly await these enhancements, one thing is clear - Tesla continues to push the envelope in providing owners with an unparalleled, comprehensive understanding of their vehicles.
Stay tuned for more updates on these exciting developments as they're expected in an upcoming software update.
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