Tesla announces cheap electric cars, shares rise

Tesla has an early launch new models announced, pleasing investors despite declining sales. Production originally planned for the second half of 2025 will be postponed The beginning of 2025 or even the end of 2024 they prefer, said Tesla boss Elon Musk on Tuesday.

➤ Read more: Tesla is working on 3 new cars

“This update may result in smaller cost reductions than previously anticipated,” the company said. Tesla stock set after hours 11 percent for.

Amazing affordable models

Tesla just did a few details for new cars planned. do this”cheaper models“They are assets, it was said. They should be built on existing systems and adopt features of current models. A Price it was not mentioned.

CEO Elon Musk said in January that production of the low-cost model should begin in Texas by mid-2025. Investors assumed that this was known as Example 2 the designated vehicle will cost $25,000. Reuters reported on April 5 that Tesla had abandoned such plans. Musk then talked about one on his short messaging service X lies.

➤ Read more: Musk was angered by reports that the Model 2 had been scrapped

Scheduled robot taxi

According to more information from Reuters, there will be a compact car platform on the platform Robotaxis built. On Tuesday, without specifying a date, it was said that a “special robotaxi product” will be created that will have the equipment. revolutionary manufacturing processes should be produced.

Some experts see robotaxis as an impossible task after General Motors subsidiary Cruise stopped operating its automated service due to technical problems. Some believe it could be the next big thing and bring in huge profits.

➤ Read more: Musk announces: Tesla will deliver a robot taxi in August

A weak market for electric vehicles

The market for electric vehicles is currently weakening worldwide. Tesla said many automakers are considering hybrids. In addition, competition has increased, for example from the Chinese supplier BYD and the growing range of electric vehicles from well-known manufacturers such as VW.

Tesla is trying to get involved Price reduction resist. The price war initiated by the US group in 2023 has been reducing profits for a long time. Tesla also responds Reduction of staff. More than 10 percent of the total of about 140,000 jobs are expected to be eliminated worldwide. In Germany, Tesla wants to cut 400 jobs at the Grünheide factory through a voluntary plan.