article thumbnail

LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Musk noted that it’s not super important in the near term, though the company estimates 4680 production will exceed the capacity of suppliers by the end of the year. First up is Tony Sacconaghi from Bernstein, who asked about Tesla’s product pipeline. The first question is about 4680 production.

Tesla 105
article thumbnail

Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

article thumbnail

Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

CEO Jim Farley recently confirmed that the company would purse sub-$30,000 electric models with its next-generation product line, and said that its existing models would become better in the meantime. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices.

article thumbnail

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.

article thumbnail

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.

article thumbnail

LIVE BLOG: 2023 Tesla Investor Day

Teslarati

Following is a Live Blog of Tesla’s 2023 Investor Day. He noted that Tesla would have a proper product event for the next-generation vehicle. 18:41 CST – Elon Musk noted that one thing that for the vast majority of people, things are affordability driven. Most times, it’s a matter of whether people can afford one.

Tesla 124
article thumbnail

LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. 16:37 CT – A shareholder asks about Cybersecurity, and what Tesla is doing to protect itself and its products. As for Cybertruck’s production, Musk stated that production would follow an S curve.

Tesla 128