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Tesla’s new growth plan is centered around mysterious cheaper models

Tesla is upending its product lineup to bring multiple cheaper models to market as early as late 2024. But details are scarce.

While Musk flimsily claimed Reuters was “lying,” both Electrek and Bloomberg News have since reported that the development of that particular EV has been delayed or deemphasized inside the company. The company admitted Tuesday that by shifting to a strategy of mixing the next-gen technology and processes with existing platforms and manufacturing lines, it will lose some of that cost savings. Tesla is claiming it can launch this new product lineup after axing a huge number of employees from its global workforce — though Musk said Tuesday the company is “not giving up anything significant that I’m aware of.”

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