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Tesla's plan for affordable cars takes page from Detroit rivals

Economic Times · 1y ago

Medial

Elon Musk's recent announcement to use existing product lines for new affordable vehicles is seen by some as following the strategy of traditional automakers like Ford and General Motors. Tesla had originally planned to release a new model priced at $25,000, but instead, it will utilize current platforms to produce more affordable models by early next year. This shift has been well-received by investors, who expect basic versions of the Model 3 and Y to be offered at lower prices. However, some analysts raise concerns about execution risk and the need for Tesla to meet timing predictions for new vehicle launches.