Elon Musk Reveals Two Types of Electric Vehicles Tesla May Make in the Future

Billionaire technologist Elon Musk has suggested his company Tesla could eventually make a more compact electric vehicle.

The prediction was made during a call with analysts amid the release of the Q2 earnings report, which confirmed Tesla posted its fourth profitable quarter in a row, despite the "tremendous difficulties" posed by the ongoing novel coronavirus pandemic.

The CEO was asked to detail any important vehicle plans most likely to fuel growth over the next three to five years, prompting a cautious response.

"I don't think we can comment on our detailed road map beyond what's announced because we want to reserve that for product launches," Musk said.

"But it would be reasonable to assume that we would make a compact vehicle of some kind and probably a higher capacity passenger vehicle... these are likely things at some point. But I do think there's a long way to go with 3 and Y and with Cybertruck and Semi. So long way to go with those. I think we'll do the obvious things."

For Tesla, there are already several vehicles on the horizon, including the Semi and the Cybertruck, both expected to enter production next year. A new Roadster sports car, first announced back in 2017, is scheduled to hit the market around 2022.

Both the Cybertruck and Semi are expected to be built at the new gigafactory being built in Texas, roughly 15 minutes from downtown Austin, Musk said.

As detailed on the Tesla website, the Cybertruck claims to have a "nearly impenetrable exoskeleton" and ultra-strong glass. It accelerates from 0-60 mph in about 2.9 seconds.

The futuristic looking Semi is described as the "safest, most comfortable truck ever" that, when compared to rivals, will "require the lowest energy cost per mile."

As reported by Electrek, Tesla has previously indicated that it could produce a smaller car in China, even asking designers to submit their ideas for such a vehicle.

While there is no estimated timescale for a release, it is believed the mystery vehicle will be constructed in China before eventually enjoying a global release. Tesla was also said to be making a 12-passenger electric van for the Musk-led Boring Company.

"I think something that would be super cool would be to—so we're going to do it—would be to create a China design and engineering center to actually design an original car in China for worldwide consumption," the CEO said back in January.

"I think China has some of the best art in the world, and I think it's something that would be appreciated on a worldwide basis. I think it should be done, and we're gonna do it."

In the earnings call, Musk teased fresh information about Tesla's upcoming Battery Day event, describing power cell production at an affordable price as "the real limitation on Tesla growth." The company is expected to discuss a "million mile" battery.

"We expect to expand our business with Panasonic, with CATL, with LG, possibly with others. And there's a lot more to say on that front on Battery Day," Musk noted.

Elon Musk
Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention Center on March 9, 2020, in Washington, D.C. BRENDAN SMIALOWSKI/AFP/Getty