Elon Musk confirms Tesla’s next car is ALREADY being built!

Tesla unveiled a sneak peek of their new car at the recent shareholders' meeting in Texas. CEO Elon Musk also revealed that the electric vehicle company is developing two other products.

However, it's difficult to determine what Tesla has in store for the future based on Musk's vague phrasing. Nevertheless, we can make some informed guesses using the information we already have. During a presentation, Tesla's CEO explained that now is not the right time to reveal their next product and that they're working on designing and building something new. In fact, Tesla is working on two new products that Musk believes will generate over five million sales per year. Both the product designs and manufacturing techniques exceed industry standards. Musk's projection is that these two models alone will produce over five million units annually.

Tesla is currently developing two new products that, according to Musk, have the potential to generate more than five million sales annually

Musk didn't mention the vehicle's details, but it's likely that he was referring to the Tesla Model 3 and the Cybertruck in his speech. The Cybertruck's design is finished, and prototypes are being produced, with a commercial launch planned for later this year. Tesla has been developing an updated Model 3 for almost a year, and the Texas Gigafactory has been modified to accommodate its production. The newer version will have fewer parts than the current Model 3.

Tesla's New Model Teased at Shareholders Meeting
Tesla has been working on a new version of Model 3 for almost a year, and the Texas Gigafactory has been adjusted for its production. The updated model will have lesser parts than the existing one

Tesla is planning to use two Giga Presses for the production of Tesla Cybertruck's large metal components. It's possible that Tesla may also use this manufacturing technique for the new Model 3 "Highland" to simplify and reduce the assembly cost. This information was mentioned by Elon Musk in the past.

Source: Tesla