Tesla CEO Elon Musk declines to provide details of the new vehicles but say they would include more-affordable models that would start production by early 2025
This is AI generated summarization, which may have errors. For context, always refer to the full article.Mike Blake/Reuters
The new models would be built on Tesla’s current manufacturing lines and use “aspects” of its current platform and a next-generation platform, Tesla said. It cautioned that this plan may “result in achieving less cost reduction than previously expected,” suggesting that the vehicles may cost consumers more than the Model 2’s anticipated $25,000 price.
“That engineering work, we’re not trying to just throw it away,” Moravy said. “We’re going to take it and utilize it.” Musk devoted much of the call with analysts to outlining ambitious visions for diversifying Tesla’s business into artificial intelligence, humanoid robots and operating a fleet of millions of autonomous vehicles – all based on software and hardware products the automaker has not yet fully developed.The statement implies a substantial change in Tesla’s fundamentals. More than 80% of Tesla’s revenue in the first quarter came from selling electric cars.
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