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

One in every of Tesla’s greatest downsides has at all times been the upfront value of its electrical autos versus gasoline fashions. The most cost effective automobile it at present sells is $42,490 earlier than subsidies, and the common 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 bought per automobile additionally got here right down to “its lowest stage ever” at $35,1000.

“Plans for brand spanking new autos, together with extra reasonably priced fashions, stay on observe for begin of manufacturing within the first half of 2025,” the report reads. “These autos will make the most of points of the subsequent era platform in addition to points of our present platforms and can be capable to be produced on the identical manufacturing strains 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 unfastened, 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 .