Following a extremely touted Investor Day occasion this week that turned out to be moderately blah, there’s some actual information about Tesla that ought to get individuals — buyers included — excited. The president of Mexico is telling the world that Tesla has agreed to construct its subsequent gigafactory in Santa Catarina, a city simply west of the Monterrey within the state of Nuevo León. President Andres Manuel Lopez Obrador mentioned “the entire Tesla firm” was coming to Mexico to construct a “very large” automotive plant, in response to Reuters.
Tesla, in fact, refuses to talk to the press, so any particulars about this announcement have to come back from different sources. The official announcement mentioned Tesla would make investments as much as $5 billion to construct the brand new manufacturing unit, however a supply tells Reuters the preliminary funding will likely be value round $1 billion and additional phases might carry whole spending to $10 billion. Some are saying this might be Tesla’s largest manufacturing unit but and that it’s going to manufacture the Tesla Semi and the Roadster 2.0, whereas not less than one different supply hints a brand new SUV sort automobile could also be assembled there as properly.
Samuel García, the governor of Nuevo León, advised the New York Occasions in an interview that Tesla executives have advised him the brand new manufacturing unit might develop to be the corporate’s largest, producing not solely automobiles but additionally batteries, semiconductors and software program. Over time Tesla might double or triple the preliminary $5 billion funding, he mentioned. As well as, he claimed the manufacturing unit will go up in a short time and will start manufacturing automobiles as early as subsequent yr. “These alternatives, I feel they occur as soon as each 100 years,” he mentioned.
Rumors of a brand new Tesla manufacturing unit in Mexico have been within the wind for a while. There have been recommendations that Tesla may be contemplating a number of smaller factories to construct parts that will then be shipped to the gigafactory in Austin to be integrated into the automobiles being constructed there. In December of final yr, we reported that a number of parcels of land had been bought close to Santa Catarina in numerous names — Tesla Turbo, Tesla Engineering, Tesla Consultores, Tesla Electromechanics, Tesla Plastics, and Tesla Sensible Sport. That will have been a tactic to amass the land for the manufacturing unit with out revealing what it will be used for, data that seemingly would have pushed up costs.
At the moment, Governor Garcia mentioned, “Resulting from completely different international circumstances, they made me signal confidentiality contracts, so I can’t discuss extra, however I can inform you midway that historic investments are coming for Nuevo León , a few of them, to offer you an concept, they would be the largest investments within the historical past of the nation.”
There had been fears that the manufacturing unit plan can be nixed by Mexico due to essential water shortages in and round Santa Catarina, however in a current telephone name, Elon Musk gave President Lopez Obrador assurances that the manufacturing unit would recycle most of its water. That was the essential piece of the puzzle wanted to get remaining approval for the manufacturing unit.
Whether or not the brand new manufacturing unit turns into Tesla’s largest stays to be seen, however Governor Garcia tells the New York Occasions he has spoken to Tom Zhu, the previous head of Tesla China who now heads manufacturing unit operations for Tesla. Zhu advised him the corporate wished to construct the brand new plant in Mexico sooner than it constructed the gigafactory in Shanghai, which started producing automobiles lower than a yr after breaking floor. “He advised me that he was very optimistic that he’ll break once more his document,” García mentioned.
Mannequin Y “Jupiter” Improve Coming
The Tesla Mannequin Y has been in manufacturing for about two and half years and is the very best promoting electrical automotive on the planet. However Tesla just isn’t one to relaxation on its laurels. Sources inform Reuters the corporate is getting near introducing a serious improve to the Mannequin Y identified internally because the “Jupiter” venture. The sources say the modifications to the Mannequin Y contain each the outside and inside of the automotive and will likely be launched in 2024.
“With the Mannequin Y being not solely being Tesla’s prime vendor, but additionally the highest promoting EV on the planet, it’s essential to maintain it contemporary,” AutoPacific president and chief analysts Ed Kim advised Reuters. He added that he had been monitoring Undertaking Juniper for a while. “As the worldwide EV gross sales chief, Mannequin Y has a goal on its again. As with Undertaking Highland (the rumored refresh for the Mannequin 3), Undertaking Juniper ought to deepen Tesla’s already large manufacturing price benefits over the competitors.”
At the moment, there are variations within the Mannequin Y relying on which manufacturing unit they’re produced in. It’s believed that with the Jupiter program, Tesla intends to standardize the manufacturing course of in any respect its factories searching for even decrease prices of manufacturing. Tesla already leads the business in that metric.
Tesla has requested suppliers for quotes for exterior and inside parts that will likely be used within the Undertaking Juniper model of the Mannequin Y, two of the individuals with data of the plan mentioned. The projected begin of manufacturing is October 2024. Tesla can be mentioned to be engaged on a refresh of the Mannequin 3 sedan in venture code identify Highland. There are few particulars about that effort, however the price of items offered for the Mannequin 3 is larger than for the Mannequin Y. Presumably, Tesla wish to apply what it has realized from constructing to the Mannequin Y to replace that automotive and decrease its manufacturing prices.
Tesla Warmth Pumps?
As this story was being written, an e mail from Bloomberg Inexperienced arrived that hinted Tesla could also be serious about delving into the manufacturing of warmth pumps for residential prospects. Tesla already has important expertise with warmth pumps, which it launched on the Mannequin Y, and Bloomberg factors out that on the current Investor Day, Elon Musk made some breezy assertions about how the world will transition to a sustainable financial system within the foreseeable future.
Warmth pumps are essential for a similar purpose electrical automobiles are essential. Each use vitality far more effectively than the gadgets we rely in as we speak for heating, cooling, and transportation. Effectivity is likely one of the keys to a sustainable world. Changing furnaces and boilers with warmth pumps that function on renewable electrical energy might remove 500 million tons of carbon dioxide emissions yearly.
There are hurdles that may should be overcome, nonetheless. The pool of certified installers is restricted, however the potential upside for Tesla is big. Bloomberg says, “Locking in warmth pump prospects would bolster the corporate’s push for its personal ‘walled backyard,’ through which a house’s entirely-Tesla expertise — electrical automotive, photo voltaic panels, Powerwall battery, and warmth pump — might keep seamlessly linked. Sensible-home expertise that lets customers get probably the most out of their inexperienced devices (absorbing photo voltaic vitality throughout the day and storing it to be used in warmth pumps and chargers in a single day, for instance) might show key to avoiding overloading the grid in a world extra reliant on electrical energy.”
Throughout an investor name in 2021, Musk mentioned, “It actually turns into fairly a compelling resolution to the patron the place you combine the electrical autos’ charging, photo voltaic vitality storage, sizzling water, HVAC, in a really tight compact bundle that additionally appears to be like good, It simply doesn’t exist.” One would assume an organization that has entry to engineers who could make a rocket fly backwards may be capable of make such a system attainable.
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