Tesla leaning on existing tech to rush cheaper EVs to market this year

Tesla will look to its existing parts bin and electric vehicle platforms in an effort to fast-track the introduction of its new-generation, cheaper models to as early as the end of 2024. In its first-quarter investor presentation earlier today, Tesla CEO Elon Musk said the brand would use “aspects of the next-generation platform as well as aspects of our current platforms” in its new EVs.

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Electric Vehicle Sales in Australia Show No Growth in Market ShareNew figures from the Federal Chamber of Automotive Industries reveal that the proportion of electric vehicles (EVs) sold in Australia has not increased despite an increase in sales. In March, 9.5% of all new vehicles sold were EVs, slightly down from 9.6% in February. However, this is still an improvement from March 2023 when EVs made up only 6.8% of the market. The sales of EVs in Australia seem to reflect global trends, with other countries also experiencing a plateau in EV sales.
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