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  • btc = $116 702.00 -9.11 (-0.01 %)

  • eth = $4 617.44 104.78 (2.32 %)

  • ton = $3.14 -0.01 (-0.34 %)

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.