Results for: New Models

Tesla has recalibrated its plans, prioritizing the introduction of “new models” by early 2025 using existing platforms and production lines. This shift follows the company’s decision to abandon its ambitious project to produce an all-new, low-cost model. The announcement has boosted Tesla’s stock value in after-hours trading, providing a much-needed boost amid fierce competition and declining sales. Despite missing Wall Street expectations in its first-quarter results, Tesla’s focus on more affordable vehicles has pleased investors, although skepticism remains due to previous delays in rollouts.

Facing fierce competition and declining sales, Tesla has announced plans to introduce new electric vehicle models by early 2025. The announcement, made during Tesla’s recent conference call, sent shares soaring in after-hours trading. Tesla’s Chief Executive, Elon Musk, revealed that production for these new models is scheduled to begin in early 2025, potentially even by the end of this year. The models will be manufactured using a combination of Tesla’s current and next-generation platforms, offering a blend of affordability and enhanced technology. Tesla also teased the development of a purpose-built robotaxi product, utilizing a revolutionary manufacturing process. Despite Tesla’s caution regarding cost reduction expectations, investors welcomed the news of new models, hoping to revitalize Tesla’s position in the competitive EV market.

Tesla has announced plans to introduce new models, including more affordable options, before the second half of 2025. This news comes as a boost to investor confidence and spurred a nearly 9% surge in Tesla’s shares in after-hours trading. While details on the new products remain scant, Tesla plans to launch these new vehicles before the second half of 2025, potentially replacing the scrapped Model 2 project. The company also mentioned a “purpose-built robotaxi” with a revolutionary manufacturing process, but without a release timeline.

Tesla has announced the accelerated launch of new models, originally slated for the second half of 2025, driving its shares up by nearly 7% in after-hours trading. While the company remains tight-lipped about pricing, it cites a need for prudent growth in vehicle volumes amidst uncertain economic conditions. Despite the positive news, Tesla has reportedly scrapped its long-promised inexpensive model and continues to focus on robotaxi development on a small-vehicle platform.