The first half of the year is over and Tesla’s “more affordable models” are nowhere to be seen
It looks like Tesla’s long promised more affordable vehicles are late. June 30 marked the end of Tesla’s second quarter, by which point “new vehicles, including more affordable models” were supposed to have gone into production. The company has made no mention of starting production of those vehicles — an announcement investors have long waited for as the company struggles with low-cost competition.
Ahead of Tesla’s first-quarter earnings, Reuters had reported that the company’s low-cost Model Y would be delayed “at least several months.” However, on the company’s earnings call the following day, executives reiterated that the low-cost models would go into production in the first half of 2025. But it looks like Reuters might be right again.
Of course, Tesla has a lot of other things going on at the moment that could be directing the company’s attention elsewhere. That includes a recent robotaxi launch, what’s expected to be disappointing Q2 delivery numbers tomorrow, as well as a renewed feud with the president of the United States that could threaten all of the above.
Ahead of Tesla’s first-quarter earnings, Reuters had reported that the company’s low-cost Model Y would be delayed “at least several months.” However, on the company’s earnings call the following day, executives reiterated that the low-cost models would go into production in the first half of 2025. But it looks like Reuters might be right again.
Of course, Tesla has a lot of other things going on at the moment that could be directing the company’s attention elsewhere. That includes a recent robotaxi launch, what’s expected to be disappointing Q2 delivery numbers tomorrow, as well as a renewed feud with the president of the United States that could threaten all of the above.
