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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

“There are a bunch of markets we are not selling new cars and we are looking into accelerating that,” Musk said. Tesla will aim to optimize its buying process for it would be possible to “buying a car in under a minute.” ” 17:00 CDT – A question is asked about Tesla’s affordable car.

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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Farley noted that company executives are aware of buyers’ desire for more affordable EVs, noting Ford’s recent price cuts on the Mustang Mach-E, which gave the SUV a striking sales bump. Get the latest& news, features, TTAC takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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Report: Tesla To Build Fabled Affordable Electric Car in Germany

The Truth About Cars

New reports state that Tesla is working toward an affordable EV model and note that it will produce the vehicles at its German location near Berlin. The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000. The Model Y is already built in that location and is Europe’s best-selling EV.

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Maybe Tesla Didn't Cancel the Affordable EV After All, Or Did It?

The Truth About Cars

The will they, won’t they themes continue in 2024, as the automaker recently reversed its reported decision to nix affordable EV plans, though the flip appears related to less-than-stellar first-quarter performance. The previously reported cancellation of Tesla’s affordable EV also went out the door, at least on paper.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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LIVE BLOG: 2023 Tesla Investor Day

Teslarati

Following is a Live Blog of Tesla’s 2023 Investor Day. 18:41 CST – Elon Musk noted that one thing that for the vast majority of people, things are affordability driven. It’s not that people don’t want a car. Most times, it’s a matter of whether people can afford one. Affordability is what matters,” Musk said.

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Tesla Finally Appears to Make Moves Toward Building Affordable EV Model

The Truth About Cars

The long-rumored affordable, entry-level Tesla is almost here – maybe. Tesla reportedly alerted suppliers that it would start building a mass-market compact crossover in the middle of 2025, which would become one of the most affordable electric models on sale if it becomes a reality.