Tesla's new plan exposed: Launching an economical car in the second half of 2025, stock price soaring

News on April 24th, Tesla’s stock price has recently rebounded after seven consecutive days of decline. The driving force for this change came from the latest statement of Tesla CEO Elon Musk. During Tesla's most recent earnings call, Musk announced that the company plans to launch a new, more affordable model in the second half of 2025. This news was like a reassurance, eliminating the market's doubts about whether Tesla would continue to promote its low-cost model plan, thus greatly improving investor confidence and driving Tesla's stock price to soar 13% in after-hours trading.

There were rumors in the market before that Tesla had given up the development of the cheap model Model 2 and focused on the research and development of self-driving taxis (Robotaxi). This rumor once caused investors to worry about the future development of Tesla's product line. However, Musk came out in time to refute the rumors and made it clear that Tesla has not given up on developing cheap models.

Musk revealed Tesla’s product strategy blueprint in detail during the conference call. He emphasized that Tesla is accelerating its pace to update its future model lineup and is expected to schedule the launch of new models in the second half of 2025. The new model will feature affordability as its main feature and is designed to appeal to a wider consumer base. The production of new models will make full use of Tesla's existing production lines, avoiding the need for new factories or large-scale additions of new production lines, thereby helping to reduce costs and improve production efficiency.

Musk also further revealed that this new model will incorporate some features of Tesla’s upcoming next-generation platform and the existing Model 3 and Model Y production platforms. This innovative design concept will ensure that the new model remains technologically advanced, while also ensuring the compatibility and stability of the production line. Musk predicts that with the production of new models, Tesla's annual production capacity is expected to increase to more than 3 million vehicles.

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