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Tesla (TSLA) claims the company will begin launching more affordable models in 2025

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

October 23, 2024 1:58 PM

Image via Tesla

Following its most recent earnings results, it sounds like Tesla believes it will be able to launch new, more affordable models of its vehicles by the first half of 2025. Affordable Tesla models have been in the forecast for several years, but Tesla now believes it can get these particular vehicles into production and out the door by what would likely be June 2025 at the latest.

Tesla shared its production for new models and the new affordable models in the Shareholder Deck for its Q3 2024 earnings results. According to Tesla, these models and other new Tesla vehicles are set to launch as it continues to lower the cost of goods sold:

Tesla (TSLA) stock chart as of after-hours trading on October 23, 2024. — Tesla (TSLA) stock was up in after-hours trading on the back of the Q3 2024 earnings results.

If Tesla manages to meet its 2025 forecast, then it would actually be in line with its previous expectations set back in January 2024. Under the codename of “Redwood” at the time, Tesla predicted earlier this year that it could get its new affordable vehicles out the door in 2025.

Tesla missed on revenue, but beat on earnings-per-share for Q3 2024. As we watch to see if it can actually get its promised new vehicles out the door, stay tuned for more Tesla coverage and financial reporting here at Shacknews.

TJ Denzer

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.

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October 23, 2024 1:58 PM

TJ Denzer posted a new article, Tesla (TSLA) claims the company will begin launching more affordable models in 2025
- Tincan
  
   reply
  October 23, 2024 2:50 PM
  
  Given how eager Elon is to promise things far in advance I'd have thought we'd have seen the lower cost models by now if they truly expect them to launch next year. Would have made a must better presentation than the Robotaxi since the cheaper vehicles are what people are looking for.
- Conan
  
   reply
  October 23, 2024 2:56 PM
  
  They dump their CEO and we'll talk.
- multisync
  
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  October 23, 2024 3:47 PM
  
  The govt incentives in some states are nuts. Colorado gives you like 24k off a new ev.
  - boarder2
    
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    October 23, 2024 3:50 PM
    
    Where? We got 7500 from fed and 7500 from state last year in CO IIRC.
    - multisync
      
       reply
      October 23, 2024 4:05 PM
      
      Just saw this one.
      
      https://www.reddit.com/r/TeslaModelY/s/m1b4xJYijB
      - boarder2
        
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        October 23, 2024 4:22 PM
        
        Ah that’s pretty sweet. I’d have to check to see what the legitimacy of that is. Last I looked the Xcel rebates were all income limited and the limits were very low. Like so low that almost no one making that kind of income would even remotely be considering a brand new EV.
        
        boarder2
        
         reply
        October 23, 2024 4:24 PM
        
        Ah yeah I looked at VXC too and it’s also income limited. The income limits there are pretty restrictive as well unless you live in an extremely affluent area.
        
        multisync
        
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        October 23, 2024 4:31 PM
        
        Do those work similar to federal rebate if you lease it? I don't qualify for federal but with my lease Tesla claims the 7500 and passed it along to me at purchase. That plus free FSD xfer and 1k off for referring a friend (dunno how I got the referral credit too but it appeared on invoice) got me 16.5k off a Y.
        
        boarder2
        
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        October 23, 2024 4:41 PM
        
        I think some things changed this year with lease stuff, haven’t really paid attention since we’re not in the market any more
- trelain
  
   reply
  October 23, 2024 4:35 PM
  
  Don't care. Would never buy one.