ELON Musk has confirmed that Tesla hopes to launch the long-awaited Roadster and a lower-cost electric vehicle by next year.On the company's July 23 earnings call, Musk said Tesla would wait for future launch events to announce new products.The CEO said drivers should look forward to a Tesla Roadster and a "lower cost" vehicle by 2025 while pushing back against questions about unveiling a series under the Cyber brand.
Tesla's initial cars rebadged the luxury two-seater Lotus Elise and added a high-powered, Tesla-built battery to the car's underbelly. Musk also said the company would launch a "lower-cost" vehicle by next year but didn't discuss the product's details further. Watch moment a Tesla confuses a wall for a person while driving through Elon Musk's 'highspeed' tunnels under Las Vegas