"Preparations remain underway for our offering of new vehicles — including more affordable models — which we will begin launching in the first half of 2025," the company said in its earnings report.

The Model 3 is currently Tesla’s cheapest electric car. It starts at £39,990 for the most basic rear-wheel-drive model, rising to £59,990 for the “performance all-wheel drive” edition. More advanced self-driving features also cost extra. You’ll pay an additional £6,800 for the top level of in-car intelligence. A Tesla Model 3 is not cheap.

On the heels of its highly anticipated but ultimately disappointing robotaxi event, Tesla published its third quarter earnings report, in which it said it would launch a “more affordable” electric vehicle in the first half of 2025.

Tesla reaffirmed its commitment to launching more affordable electric vehicles (EVs) in early 2025, according to its third-quarter earnings report. The company reiterated that it is preparing to introduce new,

The Tesla company has been working on affordable models for several years and finally intends to launch them next year.