Musk says Tesla’s affordable EVs coming next year [Video]

Tesla CEO Elon Musk said the EV maker is planning to bring newer, more affordable models in early 2025 after recent uncertainty about the status of the company’s long-discussed plans for a lower-cost EV in its lineup.

Musk pushed back on a report by Reuters from earlier this month, which cited sources familiar with the company’s planning and internal documents, that indicated Tesla had backed off its plan to launch a $25,000 EV — often referred to in reports as the “Model 2” though Tesla hasn’t offered a name. He offered an outline of Tesla’s affordable EV plans in his opening remarks of Tuesday’s earnings call.

“In terms of the new product roadmap, there’s been a lot of talk about our upcoming vehicle line in the past several weeks,” Musk said. “We’ve updated our future vehicle lineup to accelerate the launch of new models ahead of the previously-mentioned start of production in the second half of 2025, so we expect it to be more like early …