Part 2/7:
In their recent earnings report, Tesla confirmed plans to produce multiple affordable vehicles expected to hit the production line in the first half of 2025. This strategic maneuver aims to address a critical observation: while their current offerings, like the refreshed Model Y and Model 3, are exceptional value propositions, they still hover above the budget of the median consumer. An electric vehicle priced around $45,000 is not within reach for many average households, limiting Tesla’s addressable market significantly.