During Tesla’s third quarter 2022 Q&A webcast, Elon Musk remarked that they are developing a new vehicle platform and will produce a new “smaller” vehicle. Musk stated that the company will incorporate “…everything we learned from S, X, 3, Y, Cybertruck and Semi into that platform.” Advances in battery technology promise increased power density and reduced cost. This may mean the new smaller model will slot in below the Model 3 in both size and cost. There is no word as to when we might expect the new smaller vehicle to go into production.
