Tesla to Launch Affordable EVs in Early 2025; Shares Surge 8%

Oct 23, 2024, 08:22 PM

Tesla has announced plans to launch more affordable electric vehicles (EVs) starting in the first half of 2025. This strategic move was confirmed during the company's Q3 earnings report. The new models, including the anticipated Model 2, are expected to make EVs more accessible to a broader market. Elon Musk stated that the affordable vehicles are 'well underway.' Tesla's shares surged more than 8 percent in aftermarket trading following the announcement.