• btc = $117 135.00 741.88 (0.64 %)

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  • btc = $117 135.00 741.88 (0.64 %)

  • eth = $4 577.39 91.11 (2.03 %)

  • ton = $3.15 0.01 (0.41 %)

24 Oct, 2024
1 min time to read

Tesla announced plans to introduce more affordable electric vehicles, with production expected to begin in the first half of 2025.

The company’s third-quarter earnings report highlighted preparations for new models, with the cost of goods sold per vehicle reaching its lowest point at $35,100. Tesla's cheapest car currently starts at $42,490, but the company aims to bring down prices with the next generation of vehicles.

Despite challenges like Cybertruck recalls and a federal investigation, Tesla posted a strong third quarter, with net income rising 8% to $2.51 billion.