Tesla delays $25k Model 2, plans to introduce more affordable models by early 2025.

Tesla plans to introduce new models by early 2025 using its current platforms and production lines, after shelving plans for a $25,000 all-new Model 2. The company announced that it would introduce more affordable models starting production by early 2025, before its initial target for the low-cost car. Tesla's stock price rose by nearly 9% in after-hours trading following the announcement.

April 23, 2024
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