Zinger Key Points
- Tesla has long been rumored to be working on a budget model EV.
- A low-price EV could mean higher volumes, especially as the uncertain economic conditions have left consumers cash-strapped.
Tesla, Inc. TSLA began deliveries of its Semi electric vehicle truck this week, and analysts and investors hoped for Elon Musk to shed light on the company's other pipeline products and its near-term operational performance.
The most intriguing slide shown at the Tesla Semi launch event on Thursday night was the one showing the company’s product platform, Gary Black, founder of Future Fund said. The slide titled “covering major forms of terrestrial transport” showed four vehicle categories, namely a luxury SUV, mid-size EV, commercial EV, a pickup truck and robotaxi (hidden by a car cover).
Most intriguing slide of the night was $TSLA product platform showing robotaxi under wraps, but no TSLA Compact (M-$30K). IMHO, it’s a mistake to skip the M-$30K EV. Elon has consistently overestimated progress of robotaxi, and timing of robotaxi regulatory approval is uncertain. pic.twitter.com/oVTbHFxwIY
— Gary Black (@garyblack00) December 2, 2022
See also: Tesla 'Bang For The Buck' Semi Arrives, Ford Is America's Second Best, Lordstown's 'Endurance' Deliveries Begin And More: Week's Biggest EV Stories
Black noted that the slide did not have a compact car, priced at $30,000.
“IMHO, it’s a mistake to skip the M-30K EV,” he added.
The Tesla bull said Musk has consistently overestimated the progress of robotaxi and that the timing of robotaxi regulatory approval is uncertain. Tesla closed Friday’s session down 0.08% at $194.86, according to Benzinga Pro data.
Read Next: How Did Elon Musk Make His Money
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