Tesla to ‘accelerate’ production of cost-efficient vehicles

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The move comes after Elon Musk denied reports that Tesla would abandon its plans for a cheaper version of its iconic electric vehicle.

The company announced it has updated its future vehicle lineup ahead of its scheduled start of production, which had been set for the second half of 2025.will be “more affordable models,” which will be built on the same manufacturing lines Tesla uses for its current vehicle lineup.A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colorado, on June 18, 2023.

The car manufacturer acknowledged that this acceleration of production could lead to lower cost reduction but that this was an exchange to uptick its vehicle output. Tesla specified that this will fully utilize its maximum capacity of close to 3 million vehicles, which would allow for over 50% growth from its production last year.that the electric car company has abandoned its efforts to create a “low-cost family car.

 

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