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Tesla is working on a "next generation" electric vehicle

Which will be produced at its Mexican "Gigafactory".

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As part of a recent investor relations call, Tesla revealed that it has plans to produce what it has dubbed a "next generation" electric vehicle. The car is said to be made from fewer rare Earth materials and will be built faster, and as for other details, the car manufacturer is keeping further information close to the chest.

What we do know however is that the car will be built at the company's Mexican Gigafactory, which was recently just announced as well, and you can see a render of what it may look like below.

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Otherwise, as part of the call, Tesla affirmed that the Cybertruck will be entering production (finally) this year, and that the company has plans for a next generation power unit as well, which is said to also have a lower impact on the environment.

These are all parts of an effort to ramp up car production, all at a lower cost and with less environmental impact across the board for the company, which is hoping to fully put this into practice with the next generation vehicle.

Tesla is working on a "next generation" electric vehicle
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