Tesla initiated production of a new, more affordable electric vehicle in June, aiming for volume production by the second half of 2025 to address declining sales. The specific details of this model remain unclear, as Tesla has not confirmed if it will be a new model or variations of existing vehicles. Executives have indicated the new affordable models will be manufactured alongside the Model Y and Model 3. The urgency of this situation arises from increased competition and a drop in deliveries this year for Tesla, necessitating new product offerings to sustain growth.
Tesla has started initial production of a more affordable electric vehicle in June, with mass production expected in the second half of 2025 to counter sliding sales.
The upcoming model is still a mystery, with discussions surrounding whether it will be entirely new or variations of existing vehicles on production lines.
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