Tesla Inc. said first-quarter net income fell 55 per cent to $1.1 billion while revenue dropped nine per cent to $21.3 billion, as the electric vehicle maker's deliveries slid globally.
"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle lineup.” The new plan announced Tuesday, Musk said, “is not contingent on any new factory or massive new production line. It will be made on our current production line much more efficiently.”
“The way to think of Tesla is almost entirely in terms of solving autonomy and being able to turn on that autonomy for a gigantic fleet,” he said. “In the future, gasoline cars that are not autonomous will be like riding a horse and using a flip phone.” Tesla said in January that a future low-cost vehicle would fuel a new growth wave, but an April 5 Reuters report said the vehicle program had been canceled, while robotaxi development continued. Analysts refer to the low-cost vehicle as the"Model 2," although Tesla has not given it a name.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBCNews - 🏆 2. / 99 Read more »