Musk talks about the Model 2. Here’s when it should come out

As reported Four wheels, Musk announced that Tesla’s electric production should begin in 2025, if not at the end of 2024. Cost: 25 thousand dollars. At the same time, the company is reducing the prices of software and cars in an effort to increase sales and adjust its course. In a difficult period for the company Until is dedicated to detailed research, where we read about one flop era for international.

Not betting on the company, but going to the wall freely is a blind move.

Everything else is like a variation on a horse carriage.

– Elon Musk (@elonmusk) April 16, 2024

Tesla: latest quarterly data

Shares have fallen 40% since the start of the year and the company recently announced layoffs for more than 10% of its global workforce. And since it always rains, the problem is compounded Cybertruck: Pickups – all sold – will be recalled due to a major problem with the throttle design. Musk continues to be busy on several fronts: he has to manage the world’s most capitalized car company, SpaceX, X, Neuralink and The Boring Company.

In recent weeks, news had circulated that Musk had put the plans on the back burner Tesla economy focus on automation and work on launching a robotaxi (although problems abound in that industry too: see the Cruise case). In the last quarter, revenue fell to 21.3 billion dollars (-9%), while operating profit increased by 56% to 2.5 billion; profit also fell by 48% to 1.5 billion.

It is certainly not the first time that Tesla is facing a difficult period (previously it was one step away from bankruptcy). Despite the difficulty, it is a company that handles 51 percent of the electricity market in the United States, but prezzo remains one of the main obstacles to the propagation of the method.