Tesla announced this morning plans to hold its first ever Investor Day on March 1, 2023. The event will be an important one as Tesla says they will discuss their next generation vehicle platform, among other topics.
The event will be held at Giga Texas where it will be livestreamed for anyone to watch, but there will be an opportunity for retail and institutional investors to attend in person. Details on how invitations will be sent out were not provided, but it will likely use the new investor platform that determined who received invitations for the recent Semi delivery event at Giga Nevada.
Those lucky enough to be in attendance will get to see the factory’s production lines and discuss the company’s long term expansion plans and other topics with the company’s leadership team.
But the one topic everyone will be wanting to hear about and discuss is the automakers next generation vehicle platform, which Tesla says will be on the agenda during the event.
“We plan to host Tesla’s 2023 Investor Day on March 1, 2023. Â The event will be live streamed from our Gigafactory Texas, with the option for some of our institutional and retail investors to attend in person (details to follow). Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team,” Tesla said in a press release.
Referred to as the generation 3 platform, this platform was most recently mentioned at the Q3 2022 earnings call, where an institutional investor asked how much the company is expecting to see the cost of goods sold (COGS) drop in adding the third vehicle platform, after seeing a 50% reduction when the company shifted to Model 3/Y from Model S/X.
In their response, Elon Musk said it was the “primary focus of the vehicle development team,” and revealed three things about the next generation platform:
- it will be half the cost of the Model 3/Y platform,
- it will be smaller in size than the Model 3/Y platform,
- it will exceed Model 3/Y production combined
It has previously been mentioned by Tesla’s Vice President of Investor Relations Martin Viecha that this platform won’t come before the launch of the robotaxi platform in 2024, which could also be discussed at 2023 Investor Day.
If we haven’t already heard about Tesla’s next Gigafactory location, which was rumoured to be coming last month, this Investor Day could be the perfect opportunity for that announcement as well.
