Tesla plans to release more affordable models this year in response to growing pressure from global competitors. The EV giant said it is resolving last-minute issues with its upcoming product while grappling with trade and global production challenges. Tesla has recently delayed the launch of its affordable Model Y, despite ongoing headlines about a lower-cost vehicle. Tesla reported a weak quarter marked by declining sales and growing investor criticism over Elon Musk’s political involvement. Musk told investors he plans to scale back his commitments to the Department of Government Efficiency.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla plans to release more affordable models this year in response to growing pressure from
00:06global competitors. The EV giant said it's resolving last-minute issues with its upcoming
00:10products while grappling with trade and global challenges affecting production.
00:14Tesla has recently delayed the launch of its affordable Model Y,
00:18despite ongoing headlines about a lower-cost vehicle. Tesla reported a weak quarter marked
00:23by declining sales and growing investor criticism over Elon Musk's political involvement.
00:27Musk told investors he plans to scale back his commitments to the Department of Government
00:32Efficiency. For all things money, visit Benzinga.com slash GSTV.