An important takeaway from Tesla's Q1 2024 earnings call was that new model launch will accelerate, and even existing models will use the next-gen architecture
Elon Musk denied a Reuters report claiming that Tesla canceled plans for an affordable electric car to focus on bringing the robotaxi first on the market
The steep price tag of electric cars - compounded by high interest rates - is one of several factors holding back uptake of the technology in Europe and the United States, consumer surveys show. Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan.