Tesla seems to be heading towards releasing its highly anticipated budget-friendly electric vehicle. However, recent reports indicate that the company may provide a stripped-down variant of one of their current models instead of launching a completely new model or a robocab-designed car. During their latest earnings call, this was discussed.
the automaker hinted
so it aims to modify its current procedures and offerings for this initiative.
CFO Vaibhav Taneja stated, “There are inherent constraints when utilizing our current production lines regarding the variety of design configurations we can implement. Thus, this is an important perspective to keep in mind. Following the latest enhancements to the Model 3 and Model Y series, we have created exceptional vehicles available at excellent prices with numerous new additions. We aim to ensure these upcoming models do not fall short compared to anything previously released from our company. In terms of appearance and structure over the coming months, the forthcoming editions will closely mirror those presently offered for sale; however, their distinguishing feature lies in being budget-friendly options accessible to all potential buyers.”
Although Tesla faces lesser tariffs compared to its competitors, the company has experienced declining sales and revenues. This downturn followsCEO Elon Musk’s increased political engagement, which resulted in protests and various challenges for the business. The impact of introducing an inexpensive electric vehicle on boosting sales remains uncertain; however, it could be among the most effective strategies Tesla might employ to improve its situation.
[Images: Tesla]
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