Tesla says its produced the first builds of its 'affordable' electric car

Tesla has said that it has produced the first builds of its ‘affordable’ electric car.

Since last year, there’s been a lot of talk about the American manufacturer bringing forward affordable models.

It had promised these cars, based on the Model 3 and Y, would be out in the first half of 2025 – which came and went.

But now, the brand is promising to deliver the goods soon.

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Tesla says it has produced the first builds of its ‘affordable’ electric car

As the first half of 2025 has come and gone, with no affordable model in sight. And that’s left many to wonder about the ETA.

With the release of its Q2 financial results, Tesla has put out a statement to attempt to dispel any notion that it’s not delivering.

“We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025,” it said.

“Plans for new vehicles that will launch in 2025 remain on track, including initial production of a more affordable model in 1H25.”

For those not in the know, 1H25 is a financial term referring to the first half of the year 2025.

Despite Tesla’s reassurance, there has been some confusion about this matter.

In early 2024, Elon Musk canceled two cheaper vehicles that Tesla was working on, nicknamed NV91 and NV92, commonly known as ‘the $25,000 Tesla’.

In October, he said that this project would be ‘pointless’. But insisted an affordable EV would still be on the way.

Have we already seen this new car out on the road?

There’s already been buzz about this promised affordable car.

Last month, there was a lot of speculation that a prototype being test-driven might have been the long-promised Tesla.

The rumor mill has been churning overtime on this topic. And pictures from the Tesla facility in Fremont, California only drumming up more speculation.

Behind the scenes, there’s likely mounting pressure for Tesla to produce a cheaper alternative, with rival companies like BYD and Slate Auto snapping at its heels.

The latter company made big news with its promises of a $25,000 electric truck.

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