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Tesla's quarterly earnings calls have suggested that these new vehicles are well under development and are set to be unveiled by the middle of 2025. With only a few months until the first half of the year ends, anticipation is mounting. Industry analysts note that Tesla has confirmed preparations for more affordable models, which could help the brand regain market share that it has observed dwindling amid rising competition and shifting consumer preferences.
The significance of these new models lies not only in their potential sales impact but also in Tesla's strategy to maintain its leadership position in the EV market. With competition heating up, Tesla aims to offer more attractive, budget-friendly options to draw in a broader customer base.