Tesla postpones plans to produce cheap electric cars

By mid-2025, Tesla reportedly intends to produce new electric cars.

CEO Elon Musk has been keeping the interest of both brand followers and investors alive for a long time about more affordable electric cars and autonomous robot taxis.

It is predicted that Tesla will be able to compete with both affordable fuel vehicles and the increasing number of economical electric vehicles with these new models, including an entry-level vehicle with a starting price of 25 thousand dollars.

Tesla postponed its cheap vehicle project

Tesla has been working on it for a while and zamIt is making slow progress on its $2 cheap electric project codenamed NV9, also known as 'Model 25'.

A few weeks ago, it was reported that Tesla had canceled its cheap car project, which it had been promising for a long time, and Elon Musk denied the news.

According to Electrek's news, based on sources, Tesla has indeed postponed or postponed its cheap electric car program.

Apparently, the company is spending all its resources on the fully autonomous Tesla Robotaxi model.

First quarter sales are low

Tesla, the world's most well-known electric car manufacturer, produced 433 thousand 371 vehicles in the first quarter.

While the number of vehicles delivered by Tesla in the first quarter of this year was 386 thousand 810, this number was well below market expectations of around 450 thousand. In the same period last year, 422 thousand 875 vehicles were delivered.

Thus, the number of vehicles delivered by Tesla decreased by 8,5 percent for the first time since 2020.

Tesla wants to compensate for the blows it took from falling sales and price cuts by laying off more than 10 percent of its global workforce. This means more than 13 thousand employees.