The CEO said Tesla expects to complete the engineering and design of the next-gen Tesla Roadster this year.
by the end of this year, according to CEO Elon Musk. He said at Tesla's shareholder meeting yesterday that the automaker will"hopefully" put the vehicle into production next year.
During the Q&A session, an investor asked Musk when the Roadster might finally launch, and the executive replied by pushing back the car another year,"hopefully" to 2024."Totally reasonable question. Where is that thing?" Musk jokingly replied."We expect to complete the engineering and design of the next-gen Tesla Roadster this year and hopefully – this is not a commitment – start production next year.
While the world is now used to Musk's unreliable product timelines, this time he might be on to something, as he seemed confident that engineering and design would be completed this year. Furthermore, Tesla should achieveMusk also referred to car's importance for Tesla's bottom line, which he expects to be"modest."
"It's not even the icing on the cake, it's the cherry on the icing on the cake, so it's definitely not going to be a huge contributor to revenue and it will be a modest contributor to profitability, but it will be sick," Musk said about the Roadster.Roadster tend to have higher unit margins, but the number of buyers willing to spend more than $200,000 on one is not that high.
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