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Notably, Tesla reported a net profit of $500 million in Q1, largely due to carbon credit trades, despite initially projecting a loss. This demonstrates Tesla’s financial resilience, allowing it to redirect more resources towards developing advanced technologies and expanding its vehicle range.
Upcoming Affordable Models and a Seven-Seater Option
In addition to the Model Y E80, there are plans to introduce cheaper versions of the Model 3 and a longer, seven-seat variant of the Model Y, aimed particularly at families. The seven-seater version is reportedly set to enter production shortly, with manufacturing activities at Tesla’s Shanghai facility set to commence soon.