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Tesla says it will ‘begin launching’ new and more affordable EVs next year

Tesla plans to design and sell more affordable options early next year.

The cheapest car it currently sells is $42,490 before subsidies, and the average Kelley Blue Book starting price of its 2024 models is just over $63,000. “Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,” the report reads. It turns out that despite setbacks like the Cybertruck’s fifth recall and a federal investigation into its EVs’ Full Self-Driving feature, Tesla had a fairly robust third quarter.

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