Tesla Says More Affordable Models Launching This Year: 'They Will Be Affordable And You'll Be Able To Buy One'
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Tesla Inc. plans to launch more affordable models this year, addressing rising competition. The company is currently resolving last-minute production issues affected by trade and global challenges. The new models will resemble existing ones in Tesla's lineup, including the Model S, Model Y, Model 3, Model X, and Cybertruck. Despite delays in launching an affordable Model Y, CEO Elon Musk reassured investors about the affordability of the upcoming models. Tesla's stock is currently trading at $237.97 on NASDAQ.
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