Over the long term, we've seen how class law has been transitioning to more affordable vehicles. The company went from selling a luxury sports car, the Tesla Roadster, to selling the Tesla Model 3, which at the cheapest version, goes for $ 35,000. However, the Model 3 by no means is the cheap vehicle for the majority of the people in the world. The vehicle still remains at an incredibly expensive price.

Tesla's mission statement is to accelerate the road to sustainable energies and without the majority of the population purchasing electric vehicles, the company won't be able to accelerate the transition at a rapid pace. Yon mosque was soon unveil a cheap compact vehicle that will start its production in China in this video, I'm going to discuss why I believe Tesla will reveal a twenty thousand dollar compact vehicle and show you the evidence that backs this up before I begin. I've noticed that almost 95 % of you aren't subscribed. So please take a moment and hit that subscribe button.

It really helps out with the channel with that being said, let's get right into it. In early 2020, Elon Musk unveiled his plan to create a Tesla Chinese design center, where people would submit their designs for Tesla's new vehicle. In this presentation, Elon Musk made it clear that a new vehicle was coming, but we weren't, given a timeframe as to when this vehicle would be unveiled, I think, would be too and ever so we're gon na do it. I mean to create a China, design and Engineering Center to actually design like an original car in China for worldwide consumption.

I think this will be very exciting. I think the trying to have some of the best art in the world, something that would be appreciated on a worldwide basis, and I think it should be done. You know try something just like kind of radical. You know like cider truck.

You know nobody was expecting that and that's it. So you know that really moves their heart. Guess you're right there, that's the kind of art that you want. We wish there were more of those things Tesla's recent battery innovations have been revealing that the company may actually be closer to this new vehicle than we think in a recent report by Reuters Tesla unveiled a new battery that would last 1 million miles while costing just $ 80 per kilowatt hour to put this into perspective.

Tesla's current batteries cost one hundred twenty seven dollars per kilowatt hour. So having that cost decrease to $ 80 per kilowatt hour would truly be a monumental change. Another key factor revealed in this Reuters report was that Tesla was looking to reuse these batteries in its solar panels, power walls and power packs effectively giving the batteries a second life in the past, Tesla has always indicated that they were against giving batteries a second life. However, it seems like the company is making an exception for its new Chinese battery, which is hinting at the fact that Tesla is attempting to make its new battery the cheapest it can be now if Tesla wants to sell a vehicle at a low price, it would First, have to meet the demand for its higher priced vehicles, including the Model 3 and model why this would make sense from a business perspective as a company would not sell a vehicle with the lower profit margin if it can sell vehicles with higher profit margins.

Like the Model S 3 X & Y recent drone, shots have been reviewing that Tesla's Shanghai gigafactory is expanding at an extremely fast pace, as it is in the process of tripling, if not quadrupling, to support the demand for the Model 3. And why once the production capacity of Tesla's Shanghai gigafactory is able to meet the demand for the Model 3 and why it only makes sense to release a cheaper vehicle. Also keep in mind that the pickup truck market in China is very tiny. So it wouldn't make sense to mass-produce the cyber truck in China.

Tesla's self-driving technology is improving at a very quick rate and Elon Musk has previously made it very clear that he would like to roll out a tesla ride-sharing app the entire vehicle battery pack inclusive well. Well, it is designed to operate for a million miles with minimal maintenance maintenance, so we'll actually be adjusting tire design and really optimizing the car for a hyper, efficient, Robo taxi and at some point you won't need steering, wheels or pedals and will still eat those. So as as, as these things become less less important, we'll just leave parts just then what they won't be there. If you say like probably two years from now, we make a call that has no steering wheels and pedals, and if we need to accelerate that time, we can always just delete parts, easy and probably say long-term three years rubber taxis with with eliminated parts.

It may be, it ends up being $ 25,000 or less. This is these these days, this is the cost of running a gasoline car, the average cost of running a car in the US. This adds up to two trillion a year. These literally just taken from the triple-a website cost of ride-sharing is according to her left, is to $ 3 a mile, the cost to run a Rover taxi, we think less than 18 cents, a mile and and dropping.

I think this is cut. This is this would be current. This current cost future costs will be lower. If you say what would be the probable gross profit from a single Robo taxi, we think probably something on the order of $ 30,000 per year, and this assumes that 50 % of the miles driven are art, there's nothing or not useful.

So this is only at 50 % utility from our standpoint, if you fast for a year, just look - maybe a year, maybe a year in three months, but next year for sure we will have over a million Robo taxis on the road. The fleet wakes up with an over-the-air update what often differentiates uber and lyft is the time it takes for the driver to drive to the customers location in order for Tesla to minimize his time. He needs to have more rowboat oxys on the road. A cheap vehicle would accelerate the need for Robo taxis by seeing the astronomical amount alone, Moscow's also estimated that Robo taxi will make around $ 30,000 per year.

If Tesla was able to sell a vehicle with the full self-driving option for around $ 35,000, then that vehicle would quickly pay itself off and would consequently result in unprecedented demand. Eelain's goal of a Robo taxi ride sharing network would need a cheap vehicle in order for it to be sustainable. Now it seems likely that Tesla will unveil a new, affordable vehicle. But what can we expect? Tesla's new vehicle must have three key criteria.

It must have a long-range charge fast and have a high profit margin. First, a start with long range in order to compete with Tesla, Volkswagen is releasing a vehicle named the id3 which, at the base version, has a 45 kilowatt hour battery pack. That is able to give the vehicle a range of 205 miles. You might be wondering how does a battery pack this small give the vehicle such a high range? This is primarily because the vehicle is both aerodynamic and lightweight.

A compact vehicle would make the most sense for Tesla because of the fact that it allows the company to give the vehicle a higher range. With a smaller battery. The smaller a battery pack is the faster. It would take the charge that battery pack, for example, the iPhone 5, takes a lot less time to charge than a brand new iPhone X.

In theory, this makes perfect sense, since Tesla will be able to achieve a higher range with a smaller battery pack. This would mean Tesla's vehicles would charge a lot faster if it was a compact vehicle. Now we know that compact vehicles don't need as large of a battery pack. This would consequently mean higher profit margins overall from a business perspective, a compact vehicle would make the most sense and Elon Musk's release of Tesla's prototype vehicle shows that he knows this along with these three key criteria.

A compact vehicle also logically makes sense, given the tight environment in China driven by its high population. This is the reason why pickup trucks aren't very popular in China. There simply isn't much space to fit a vehicle as large as a pickup truck. Let me know what you think about Tesla's upcoming vehicle in the comment section below go check out the link in the description below to get one free stock from weebo.

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