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

One in every of Tesla’s largest downsides has all the time been the upfront price of its electrical automobiles versus gasoline fashions. The most affordable automobile it presently sells is $42,490 earlier than subsidies, and the common beginning worth 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 price of products bought per car additionally got here all the way down to “its lowest stage ever” at $35,1000.

“Plans for brand spanking 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 be capable of be produced on the identical manufacturing strains 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 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 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 .