Tesla says it would ‘start launching’ new and extra reasonably priced EVs subsequent 12 months

Considered one of Tesla’s greatest downsides has all the time been the upfront value of its electrical autos versus fuel fashions. The most cost effective automotive it at present 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 autos with “extra reasonably priced fashions.” The EV maker’s value of products offered per automobile additionally got here all the way down to “its lowest degree ever” at $35,1000.

“Plans for brand new autos, together with extra reasonably priced fashions, stay on monitor for begin of manufacturing within the first half of 2025,” the report reads. “These autos will make the most of points of the following technology platform in addition to points of our present platforms and can be capable to be produced on the identical manufacturing traces as our present automobile line-up.”

Tesla additionally says it plans to “start launching” its cheaper EV fashions “within the first half of 2025.” That wording remains to be pretty free, so there’s no assure {that a} new mannequin will ship the identical 12 months.

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 sturdy third quarter. The carmaker’s web revenue 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 .