Tesla won't launch new vehicle models this year, and is not working on a $25,000 car now, says Musk
that the company won't release any new models this year, and isn't currently developing a $25,000 car.
In his opening remarks, he said that the continuing chip shortage would make it impossible to release new model vehicles without resulting in fewer total vehicles being delivered. "If we had introduced say a new car last year, we would -- total vehicle output would have been the same because of the constraints -- the chips' constraints particularly." He continued, "So, we will not be introducing new vehicle levels this year. It would not make any sense."
Later, in response to a question about a lower-priced Tesla for mainstream consumers, Musk said that project is not currently underway. "We're not currently working on the $25,000 car," Musk said. " At some point we will. We have enough on our plate right now. Too much on our plate, frankly."
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