Tesla reveals new cost-cutting, manufacturing strategies, but no Model 2

Tesla's 2023 Investor Day on March 1 at the company's Austin, Texas, Gigafactory was short on new-product announcements but long on how the EV automaker will continue to refine its vehicles, manufacturing, and processes to maximize profits and growth. While anticipation was high for Tesla to unveil a new vehicle to its aging lineup - and provide a definite showroom date for its Cybertruck - multiple presenters on stage at the event each discussed aspects of the company's “Master Plan 3.”

But to the disappointment of Tesla enthusiasts and some financial analysts, the company didn't discuss its next model beyond describing it as “next-generation vehicle.” While Tesla design chief Franz von Holzhausen said the long-awaited Cybertruck would be “coming this year,” Musk was mum at the event about the anticipated, low-cost Model 2.