Tesla Once Again Delays Cheaper Models
19 Articles
19 Articles
Affordable Tesla EV Postponed as Company Prioritizes Robotaxi Launch
Tesla is shifting direction in a major way. The automaker has canceled plans for a $25,000 budget electric vehicle (EV) and delayed the release of a more affordable Model Y variant, redirecting its energy into launching its much-hyped Robotaxi service this summer. Multiple insiders revealed that Tesla shelved the low-cost EV project—codenamed E41—earlier this year. Originally envisioned as a game-changer for affordable electric mobility, the pro…
Tesla Denies Delays, Says Affordable Model ‘On Track’ for H1’25 Production
Tesla reported its first-quarter earnings on Tuesday, missing Wall Street consensus estimates for both earnings per share and revenue.” While warning that the rapidly evolving trading policy and the “changing political sentiment could have a meaningful impact on demand for our products in the near-term,” Tesla reaffirmed its targets for both Cybercab and the affordable model. “Plans for new vehicles, including more affordable models, remain on t…
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