La low-cost Tesla that the market expected is not there and neither is the awaited restyling of the Model 3, but there are still some innovations capable of destabilizing the market. He knows something stm that today on the stock exchange, due to the announcements of Elon Musk on the reduction of the use of silicon carbide, it loses 6,28% of its value, realizing the worst performance of the Ftse Mib. As a partial consolation, neither Tesla stock reacted very well: the session of March 1 closed with a fall of 1,43%, while in today's pre-market, the shares collapsed by 6,4% to 189,70 dollars.
Tesla Investor Day 2023: No new products
But let's go in order. During the Investor Day 2023 held on Wednesday night (Italian time) the new one was presented in streaming Master Plan 3. According to forecasts, one of the cornerstones of the new plan should have been the Model 2, a $25 electric car capable of expanding the market and allowing customers with lighter wallets to approach electric. But no. There was not even a shadow of the low-cost Tesla, the only information that has arrived concerns the fact that it will be built in Mexico in the new Monterrey Gigafactory the realization of which was announced on 28 February. Elon Musk did not present any new products and did not even refer to the awaited restyling of the Model 3.
On the other hand, he spoke about his ideas on a sustainable future, foreseeing that the world will move towards electric cars thanks also to investments for 10.000 billion dollars in the global development of sustainable energy. "The world will move towards an economy based on sustainable energy," said Musk, who however said he was "a bit worried about artificial intelligence” and “stressed” by new artificial intelligence technology and which he deems “quite dangerous” and which requires rules in order for it to be able to operate in the public interest. At the moment for Musk "he cannot help us build cars in the short term".
The new Tesla factories: costs reduced by 50%
Tesla engineers who took the stage talked about the factory of the future, plants where the new production processes and assembly technologies that the company has managed to develop should be able to cut production costs in half. As? Thanks to the use of giga presses, which will allow Tesla to assemble cars with fewer pieces, fewer painting stages and so on.
Superchargers for everyone
I Tesla Superchargers they will also be open to other brands thanks to a universal system that will allow Tesla owners to use the connector provided by the parent company and all the others to take advantage of an adapter integrated into the column that connects electric cars according to the American standard.
The reduction of silicon carbide and the Stm reaction on the stock market
During Investor Day, Tesla indicated that, thanks to improvements in powertrain design, it believes it will be able to reduce the consumption of silicon carbide per vehicle.
An announcement that had immediate repercussions on the entire supply chain and in particular on stmicroelectronics which sees Tesla among the top 10 customers.
“We remind you that silicon carbide is a material capable of increasing the range of electric cars while limiting the size of the powertrain and is used in particular in the inverter to transform the direct current generated by the batteries into the alternating current necessary for the operation of the electric motors thanks to its characteristics of lower electrical dispersion”, explain the analysts. Stm expects $2 billion in SiC sales in 2025 (about 10% of sales) from $700 million in 2022 (about 4% of sales), the analysts explain.
Tesla's announcement therefore knocked out the title Stmicroelectronics, which loses 6,28% to Piazza Affari. “Tesla held an Investor Day yesterday and made statements about silicon carbide or SiC (silicon carbide). As regards ST, we confirm the indications on the SiC business provided so far (for 2023 and beyond)," said the French-Italian company.
