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Tesla's new growth plan is centered around mysterious cheaper models [TechCrunch]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is to be believed — and that's a big bet considering his track record with timelines — possibly as early as the end of 2024. The shock announcement sent the company's stock soaring more than 11% in after-hours trading Tuesday. And the price didn't fall even as Musk and other Tesla executives refused to share further details on a call with investors. This all comes following a bombshell report in early April from Reuters that claimed Tesla had abandoned its work on a low-cost, next-generation car. That next-gen car was meant to be built on the same EV platform Tesla is developing for its supposed robotaxi vehicle. Tesla had said this next-gen car could come as early as late 2025. While Musk flimsily claimed Reuters was “lying,” both Electrek and Bloomberg News have since reported that the development of that particular EV has been delay
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