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Tesla commits to cheaper cars in first half, sees autonomous vehicles ‘in the wild’ soon

SCMP LogoSCMP21h ago

Tesla commits to cheaper cars in first half, sees autonomous vehicles ‘in the wild’ soon - SCMP

Quick Summary:

Electric car company posts a dip in deliveries last year, raising pressure for it to roll out lower-priced models.

He was also encouraged by Tesla’s reduced costs.“They’ve been able to execute on the cost side and get that down,” he said.“Their ability to do that in the fourth quarter definitely cushioned the blow.” Last year, Tesla abandoned plans to build a cheaper vehicle platform for the mass market – often called the Model 2 – Reuters reported in April.

The company’s shares rose 5 per cent after it said it would cut costs and work on the new vehicles.


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Article Details

Author / Journalist: Reuters

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 09:48:45 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25615700

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About SCMP

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Main Topics: Technology

Official Website: scmp.com

Update Frequency: 8 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #41

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