Tesla is on the cusp of launching a range of “more affordable models” in a bid to broaden its appeal after it logged its first annual decline in sales since becoming a mainstream brand.
It sold 1.79 million cars last year, down from 1.81m in 2023.
The new cars are intended to ultimately boost Tesla's annual output by more than 60% compared with these figures, to around 3.0m cars.
The company said the new cars will enter production in the first half of 2025.
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