Tesla to ‘accelerate’ production of cost-efficient vehicles

Tesla is seeking to speed up production of its “more affordable” electric vehicle, a move to increase sales.

The company announced it has updated its future vehicle lineup ahead of its scheduled start of production, which had been set for the second half of 2025. In this future lineup will be “more affordable models,” which will be built on the same manufacturing lines Tesla uses for its current vehicle lineup.

Tesla CEO Elon Musk said these cheaper models could hit the market sometime in early 2025 and possibly even be released this year.

A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colorado, on June 18, 2023. (AP Photo/David Zalubowski)

The car manufacturer acknowledged that this acceleration of production could lead to lower cost reduction but that this was
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