Will a 30 Million KRW 'Half-Price Tesla' Appear? Attention on the 'Investor's Day' on the 1st

Tesla Blueprint 'Master Plan 3' to Be Unveiled
Wall Street "Also Interested in Battery, Cybertruck, and Robotaxi"

Elon Musk, CEO of Tesla, will hold an 'Investor Day' event on the 1st of next month (local time) and unveil Tesla's blueprint, 'Master Plan 3.' This has raised expectations that a 'half-price Tesla' might be released.

Tesla Model 3 [Image source=Yonhap News]

According to major foreign media on the 27th (local time), Musk is expected to announce a long-term plan at the 'Investor Day' event. On the 7th, Musk introduced 'Master Plan 3' on Twitter as "the path to a perfectly sustainable energy future for the Earth."

The biggest interest lies in whether the 'half-price Tesla' will become a reality. Foreign media reported, "Musk postponed plans for a $25,000 electric vehicle known as 'Model 2' last year," adding, "Tesla fans want to hear Musk's plans for an affordable Tesla car at the Investor Day event."

Wall Street anticipates that 'Master Plan 3' could lead to announcements about Tesla factory expansions and capital investments, focusing on plans for a half-price electric vehicle based on the next-generation electric vehicle manufacturing platform.

Previously, Musk stated that the goal is to produce two electric vehicles at the cost of one Model 3 and that he plans to make a $25,000 electric vehicle in the future. He also projected that if Tesla develops a third-generation electric vehicle platform, production costs would be half of those for the second-generation platform used to make the Model 3 and Model Y.

[Image source=Yonhap News]

Meanwhile, Wall Street is paying attention not only to the 'half-price Tesla' at this Investor Day event but also to affordable electric vehicle battery production, the launch of the electric pickup truck 'Cybertruck,' new factory locations, and robo-taxi plans. Additionally, Wall Street analysts believe that considering changes in the supply chain situation, a $30,000 new car would be reasonable.

Wells Fargo analyzed, "Currently, Tesla's vehicle lineup accounts for 55% of the entire automobile market," adding, "If a low-priced $30,000 model is introduced, it could cover up to 95% of the total automobile market demand."

However, there are also cautions against excessive expectations, as Musk has rarely met publicly announced timelines for Tesla's important business goals. Jim Muster, managing partner at venture capital firm Loop Ventures, said, "The formula for decoding Musk is quite simple: multiply the timeline he gives by two."