Tesla shares his prediction for "Model 2": the battery is smaller and sells for about $25,000.

Thank you CTOnews.com netizens nickname always want to change, Xiao Zhan cut clue delivery! CTOnews.com, February 28, according to Tesla's live broadcast page, Tesla's "Investor Day" will be held at 4: 00 p.m. eastern time on Wednesday (5: 00 a.m. on Thursday, Beijing time). Musk's suspense about "Master Plan Part 3" is about to be unveiled. According to the company's website, Tesla will also talk about long-term expansion plans, third-generation vehicle platforms, capital allocation and other topics. The company is also expected to launch a cheaper model.

A bullish Tesla (Tesla bull) shared his expectations for Tesla's smaller and more affordable model, the Model 2. Pierre Ferragu, a New Street Research partner, pointed out that the "Model 2" was a key part of Tesla's continued success, and he made some predictions about the car.

First, Ferrago predicts that the upcoming "Model 2" will be 15 per cent shorter, 30 per cent lighter and 25 per cent smaller than the Model 3 battery pack. The analyst explained how his prediction was arrived at: "We came to this conclusion by studying the comparison between compact cars with internal combustion engines and medium-sized cars with internal combustion engines and extrapolating the comparison between Model 3 and medium-sized cars with internal combustion engines."

In addition, Ferragu estimates that the manufacturing cost of Model 2 will be about 37 per cent lower than that of Model 3. Half of these cost savings may be due to the smaller size of the car, while the other half may be due to innovation in design, architecture and manufacturing. Elon Musk has mentioned in the past that through its next-generation platform, Tesla's goal is to build two cars with the same effort required to produce an Model 3 today.

Given Tesla's inherent advantages, such as FSD / self-driving, excellent battery life and performance, and the super-charging network, Feragu pointed out that the "Model 2" may have an advantage over cars such as the Toyota Corolla, similar to the Model 3 and over the Honda Accord.

The analyst estimates that the "Model 2" will cost about $25000 (CTOnews.com Note: about 174000 yuan currently), and Tesla may push up the gross profit margin of his cars to 30% despite the introduction of smaller, more affordable models. Feragu also pointed out that the car could eventually pave the way for Tesla to deliver 12 million cars in 2030. Considering Tesla's current production, this figure is optimistic, and Tesla hopes to achieve its annual production target of 20 million vehicles by the end of the decade.