Tesla started making the "first builds" of its affordable model in June, the electric vehicle maker said on Wednesday, adding that it expects volume production in the second half of this year. Tesla did not provide an update on its full-year deliveries forecast after pulling its guidance in April,

In an earnings call Wednesday, Tesla CEO Elon Musk “let the cat out of the bag”: The new, more affordable electric vehicle the company has been touting for over a year, and that has been singled out as the one thing that could pull Tesla out of its sales rut, wasn’t new at all. It was just the Model Y.

Tesla charging station black background by Blomst via Pixabay. It has been some time since Tesla (TSLA) CEO Elon Musk has teased an affordable model. In fact, perhaps the first re

For nearly a decade, it has been the holy grail for Tesla fans and the key to its mainstream future: a truly affordable electric car for the masses. After years of promises, delays, and speculation, the company confirmed on Wednesday that the long-awaited cheaper Tesla is finally moving from myth to reality.

Tesla claims it has already started initial production of its affordable model in H1 2025, although deliveries will only begin in the fourth quarter