On January 27, Tesla held a fourth-quarter earnings conference call, at which Musk responded to some hot events of social concern in addition to announcing Tesla's fourth-quarter revenue, profit and other financial data. He said Tesla will not release any new models this year and is not currently developing a $25,000 model.
Tesla CEO Musk
Musk said in a related conference call that Tesla will focus on existing models this year and will not produce new models of electric vehicles. "If we had launched a new car last year, it wouldn't have been possible to achieve such high growth, and because supply chain issues such as chip shortages still exist, we won't launch new cars this year because it doesn't make sense," an analyst asked whether Tesla is developing lower-priced models for mainstream consumers. Musk responded that the project is not currently underway. "We're not currently working on a $25,000 car," he said. Someday we'll do it. But we have enough to do now. Frankly, there are too many things at the moment. ”
Tesla Model 3
Previously, Musk has repeatedly said that Tesla's launch of a $25,000 electric car is possible. Back in 2018, Musk said tesla could take three years to develop such low-priced models, though no clear timeline was proposed at the time. In recent years, due to the epidemic, the global automotive supply chain is tight, especially the related chips are still facing insufficient supply, which may also be an important reason why Tesla's low-cost models are difficult to launch.