Elon Musk Brings Good News That Tesla's Cheapest Electric Cars Will Arrive in 2025
Tesla is not giving up on its goal of making electric cars that fit all budgets. In its latest financial report, Elon Musk's company once again promised that it will launch "affordable" cars in the first half of 2025. It seems that the dream of a $25,000 Tesla is still alive.
“We need to make electric vehicles affordable for everyone,” Tesla says in its report. The company recognizes that price is key to accelerating the transition to sustainable energy.
But be careful, because they're no longer talking about a new $25,000 car, but rather "affordable cars." Will the Model 3 be cheaper or a completely new car? Unknown at this point.
What is known is that Tesla had a good quarter. It earned $2.2 billion, up 17% from a year ago, beating analysts’ expectations. Revenue also grew 7% to $25.2 billion.
But it’s not all good news. Vehicle deliveries were lower than expected, raising some alarms. Some fear Tesla is approaching its first year of declining deliveries after years of consistent growth.
However, the company is proud to say that it has built its seven millionth vehicle and that the Cybertruck is already the third-best-selling electric vehicle in the United States, behind the Model Y and Model 3.
Looking ahead, Elon Musk is optimistic and believes that sales growth could reach 20-30% next year, thanks to falling costs and the arrival of autonomous driving. He also commented that they are testing a transportation app with employees in San Francisco, with plans to launch it to the public in 2025.