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How soon can Tesla get its more affordable car to the market?

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Shares jump after carmaker says it is looking to accelerate production of lower-price EVs

While Tesla is clear on timelines, it has given very few details on what the new lineup of EVs may entail.While Tesla is clear on timelines, it has given very few details on what the new lineup of EVs may entail.Tesla’s plans to bring a more affordable electric vehicle to the market appear to have moved a step closer.

Previously Tesla had talked about building an unnamed vehicle, often referred to as the Model 2, which would be priced at $25,000 or less. However, It was hoped this would halve production costs. But it would also require billions of pounds in investment to get factories ready.Get set for the working day – we'll point you to all the business news and analysis you need every morningHowever, Tuesday’s announcement indicated the new vehicles would be built on current manufacturing lines.

Sam Abuelsamid, an analyst at the consultancy firm Guidehouse Insights, said: “The next generation vehicle was supposed to use fundamentally different production processes from current models.

 

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