Tesla says it will ‘begin launching’ new and more affordable EVs next year

One in every of Tesla’s greatest downsides has at all times been the upfront value of its electrical automobiles versus fuel fashions. The most cost effective automobile it at the moment sells is $42,490 earlier than subsidies, and the typical beginning value of its 2024 fashions is simply over $63,000.

Tesla wrote in its that it’s making “preparations” to supply new automobiles with “extra reasonably priced fashions.” The EV maker’s value of products bought per car additionally got here all the way down to “its lowest stage ever” at $35,1000.

“Plans for brand new automobiles, together with extra reasonably priced fashions, stay on observe for begin of manufacturing within the first half of 2025,” the report reads. “These automobiles will make the most of facets of the subsequent era platform in addition to facets of our present platforms and can have the ability to be produced on the identical manufacturing traces as our present car line-up.”

Tesla additionally says it plans to “start launching” its cheaper EV fashions “within the first half of 2025.” That wording continues to be pretty unfastened, so there’s no assure {that a} new mannequin will ship the identical yr.

The opposite shock in Tesla’s report got here from the numbers. It seems that regardless of setbacks just like the and a federal investigation into its , Tesla had a reasonably strong third quarter. The carmaker’s internet earnings rose by 8 p.c to $2.51 billion and gross sales rose by 2 p.c year-over-year. The information additionally ends its four-quarter streak of .