“We’re working on the next-gen platform that will cost half as much to build.”
The promise
Musk announced Tesla’s next-generation vehicle architecture—often called “Model 2”—aimed to halve production costs. It uses modular manufacturing and large castings for high-volume, low-cost models. Factory preparations are underway but delayed. Musk claims production will begin in 2026. Analysts say success here defines Tesla’s ability to compete with cheaper EVs from China.





