Tesla’s next-generation vehicle: all the news about Elon Musk’s next big EV bet – The Verge

Tesla is un-canceling its plan to build a smaller, cheaper EV: report

2026-04-09T11:03:30-04:00

It looks like a smaller, cheaper Tesla is back on the menu.

Today, Reuters is reporting that the electric automaker is calling around to suppliers about building an all-new - that is, not based on the Model 3 or the Model Y - electric SUV that would be more affordable than its current lineup. The report, which is based on four anonymous sources in the know, said the vehicle would be built first in China, before eventually being brought to the US and European markets.

If true, this would represent a pretty major reversal for Tesla, and especially for Elon Musk, who has insisted over the past few years that the company doesn't need to make …

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Tesla’s ‘affordable’ EVs are just stripped down versions of the Model 3 and Model Y

2025-10-08T08:15:58-04:00

For as long as it's been a company, Tesla has been promising an entry-level electric vehicle that would compel more people to make the switch from gas guzzlers to zero-emission. Elon Musk himself predicted that Tesla would eventually sell a $25,000 EV and revolutionize the auto industry. The Model 3, the Model Y, and even the Cybertruck were all supposed to have more attainable variants, but they never materialized.

Now, the company says it is finally ready to release its everyman EVs. Yep, there are two of them, and they are just stripped down versions of the automaker's best-selling models: the long-rumored Model Y Standard, which starts …

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Tesla’s cheaper Model Y finally breaks cover

2025-10-03T14:00:17-04:00

Tesla's long-rumored more affordable electric vehicle won't be out until next year, but it was recently spotted uncamouflaged on a highway in Texas. And no, your eyes are not fooling you; it's just a cheaper version of the Model Y.

The rumor that the affordable EV would just be a bare-bones Model Y has been circulating ever since Elon Musk canceled a previous model that was to be built on an entirely new platform. The so-called "Model 2" was meant to be Musk's long-promised "$25,o00 EV" that at one point was presented as having a Cybertruck-inspired design. Musk reportedly canceled the new model in favor of building the steering wheel-less …

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Tesla will launch unsupervised driving in June, Musk says

2025-01-29T18:55:23-05:00

Tesla will launch an "unsupervised, no one in the car" robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday.

"We just want to put a toe in the water, make sure everything's okay, put a few more toes in the water, with safety of the general public and those in the car as a top priority," Musk said.

The vehicles will be part of a fleet owned by Tesla, and not customer's personal vehicles. (Musk has previously promised Tesla customers would be able to add their own vehicles to a "Tesla Network" for ridehailing.) They will be available for paid trips, and will arrive without anyone behind the wheel, Musk c …

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A cheaper Tesla is back on the menu

2024-04-23T18:43:36-04:00

The Model 3 might get an affordable younger sibling in 2025. | Image: Tesla

Tesla says it will build more affordable electric vehicles - perhaps as soon as 2025 - refuting recent reports that Tesla CEO Elon Musk had canceled plans for a cheaper "Model 2" vehicle in favor of getting a robotaxi out the door. But Musk didn't clarify whether the lower-cost EV would be a brand new model for Tesla or simplified versions of its current vehicles.

"In terms of a new product roadmap, there's been a lot of talk," Musk said during the company's first quarter earnings call, addressing the concerns investors have expressed over the past month about the delayed plans for a low-cost EV. "We've updated our future vehicle lineup to …

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Elon Musk says Tesla will reveal its robotaxi on August 8th

2024-04-05T17:16:01-04:00

Tesla will reveal its long-promised robotaxi on August 8th, Elon Musk just posted on X. The forthcoming autonomous vehicle is said to be built on Tesla's next-generation vehicle platform.

The announcement came on the same day that Reuters reported that the company had canceled its plans to build a more affordably priced electric vehicle, said to be in the range of $25,000. Musk reportedly told employees that instead of building a mass-market EV, he wanted to focus completely on an autonomous vehicle that would make other vehicles obsolete.

Tesla Robotaxi unveil on 8/8
- Elon Musk (@elonmusk) April 5, 2024

Musk has long teased the possibili …

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Tesla reportedly abandons plans to make a less expensive $25,000 electric vehicle

2024-04-05T12:10:48-04:00

The Tesla Model 2 may be no more.

According to Reuters, Elon Musk has canceled the company's plans to build a low-cost electric vehicle in favor of going all in on a robotaxi. The news outlet, citing three sources in the know, said the decision was communicated to employees during an all-hands meeting in late February.

For years, Musk has been promising an affordable electric vehicle, likely priced at $25,000, as a way to broaden the appeal of plug-in vehicles. He first mentioned it in a 2018 interview with YouTuber Marques Brownlee, saying, "A $25,000 car, that's something we can do." Then, in 2020, at the company's first Battery Day even …

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Tesla’s year-over-year sales dropped for the first time since 2020

2024-04-02T12:30:15-04:00

Tesla delivered 386,810 vehicles this quarter, falling short of its fourth quarter 2023 deliveries by nearly 100,000 and marking a year-over-year sales drop from Q1 2023's 422,875 vehicles. As Bloomberg notes, the company hasn't delivered fewer vehicles than the same prior-year period since 2020 and hasn't delivered under 400,000 vehicles in a quarter since Q3 2022.

Tesla blamed the decline partially on "the early phase of the production ramp of the updated Model 3 at our Fremont factory," as well as shipping delays resulting from Houthi rebel attacks in the Red Sea and the arson at its Berlin factory. The company had earlier predicted slow …

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Tesla warns of sales growth slowdown as it prepares for next-gen launch in late 2025

2024-01-25T04:19:13-05:00

Tesla reported earnings of $7.9 billion in net income on $25.2 billion in revenue during the fourth quarter of 2023. The figures represent an increase in revenue, up from $24.3 billion the same time last year. The company added that its vehicle volume growth rate in 2024 "may be notably lower" than it was in 2023 as it works to launch Tesla's next-gen vehicle.

Responding to a question about its next-gen vehicles during the earnings call, Tesla CEO Elon Musk said the company is targeting production "towards the end of 2025" but warned of delays due to the complexities of the manufacturing process. "We are focused on bringing the next generat …

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Tesla’s new compact crossover is reportedly coming in 2025, but will it cost $25,000?

2024-01-24T05:46:02-05:00

Concept Tesla design images shown off in a recent corporate video. | Image: Tesla

Tesla is eying a June 2025 kickoff for production of a new mass-market compact crossover, Reuters reports. The company has apparently invited suppliers to bid to work on the car, and is forecasting producing 10,000 vehicles weekly.

Following publication of this story, Tesla CEO Elon Musk responded to a question about "next-generation platform vehicles" during an earnings call by saying production would start "towards the end of 2025." He also said the first manufacturing location for the company's next-gen vehicle would be in Austin, Texas. No specifics on the features or pricing of the vehicles were offered, and Musk warned that his timeli …

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