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

You May Be Interested In:Japan just sent the world’s first wooden satellite to space


One of Tesla’s biggest downsides has always been the upfront cost of its electric vehicles versus gas models. The cheapest car it currently sells is $42,490 before subsidies, and the average starting price of its 2024 models is just over $63,000.

Tesla wrote in its that it’s making “preparations” to offer new vehicles with “more affordable models.” The EV maker’s cost of goods sold per vehicle also came down to “its lowest level ever” at $35,1000.

“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,” the report reads. “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.”

Tesla also says it plans to “begin launching” its cheaper EV models “in the first half of 2025.” That wording is still fairly loose, so there’s no guarantee that a new model will ship the same year.

The other surprise in Tesla’s report came from the numbers. It turns out that despite setbacks like the and a federal investigation into its , Tesla had a fairly robust third quarter. The carmaker’s net income rose by 8 percent to $2.51 billion and sales rose by 2 percent year-over-year. The news also ends its four-quarter streak of .

share Paylaş facebook pinterest whatsapp x print

Similar Content

How to navigate the green economy: Here are four success stories
How to navigate the green economy: Here are four success stories
Carbon removal industry calls on U.S. government for regulation in new industry report
Carbon removal industry calls on U.S. government for regulation in new industry report
Meta 'found mistakes and made changes' to address Threads moderation issues
Meta ‘found mistakes and made changes’ to address Threads moderation issues
Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia
Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia
Meta AI has more than 500 million users
Meta AI has more than 500 million users
A 13-year-old died in Ohio after participating in a Benadryl TikTok ‘challenge’ | CNN
A 13-year-old died in Ohio after participating in a Benadryl TikTok ‘challenge’ | CNN
The Daily Lens | © 2024 | News