Tesla is accelerating plans for a lineup of new electric vehicles, including “more affordable models,” the automaker said in a memo to investors Tuesday. New models previously slated to start production in the second half of 2025 will now launch before then, the company said, implying production will start much earlier.
It’s unclear whether the new, affordable models are the same mysterious “next-gen” vehicle that Tesla has previously hinted was in the works, or a new lineup. Executives declined to share details on their plans for new vehicles during an investor call Tuesday. Tesla’s stock price rose by more than 9 percent in after-hours trading late Tuesday.
The change in plans
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