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Tesla plans to introduce new, more affordable electric vehicles in the first half of 2025. They will be built on existing platforms but will feature next-generation technology. They will be built on the same lines as the company's current vehicles.
Also in June 2025, Tesla will launch a test service for its autonomous taxi, Cybercab, in Austin. It is a two-seater electric vehicle without a steering wheel or pedals, which will operate without a driver. Serial production of the Cybercab will begin in 2026 at Tesla's factory in Texas.
The company reported that the average cost of producing its cars had fallen to a record $33. This helped partially offset the decline in sales in 000 and set the stage for demand growth in 2024.
It is expected that the Model Y could once again become the world's best-selling car in 2025. Tesla hopes to improve its financial performance thanks to new models and the expansion of the electric vehicle market.
Despite weaker results in the fourth quarter of 2024, Tesla shares quickly recovered their positions. Investors positively assessed the company's cost reductions and future innovation projects.
