Kering
investing in growth platforms with innovation at our core | Kering
Company
Deck Type
Sector
Industry
Deck date
September 2023
Slide
10 of 55
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volume cash profit product our company is currently between two major growth waves the first one began with the global expansion of the model platform and we believe the next one will be initiated by advances in autonomy and introduction of new products including those built on our next generation vehicle platform despite ongoing conditions we expect to achieve slight growth in vehicle deliveries in energy storage deployments are expected to more than double year over year in we have sufficient liquidity to fund our product long term capacity expansion plans and other expenses furthermore we will manage the business such that we maintain a strong balance sheet during this uncertain period while we continue to execute on innovations to reduce the cost of manufacturing and operations over time we expect our hardware related profits to be accompanied by an acceleration of and fleet based profits plans for new vehicles including more affordable models remain on track for start of production in the first half of these vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle line up this approach will result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more efficient manner during uncertain times this should help us fully utilize our current expected maximum capacity of close to three million vehicles enabling more than growth over production before investing in new manufacturing lines our purpose built product will continue to pursue a revolutionary unboxed manufacturing strategy outlook | Tesla
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