Just last week, Reuters reported Tesla has delayed the launch of a mysterious new lower-cost model thought to be a bare-bones Model Y SUV. But in Tesla’s shareholder letter, the company included the same language that’s been used for the last few quarters: “Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.”
Those two pieces of information are in direct contradiction with each other so here’s hoping this comes up on the conference call later. Until then, read my story from October about Tesla’s (and, really, Elon Musk’s) many flip-flops regarding its plans for a super-cheap EV.
