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Tesla's stock price surged 13%, Musk says it will promote more economical models in 2025

Behind Tesla's sharp rise in stock price by 13% is its CEO Elon Musk's big statement during the latest earnings conference call. Musk revealed that Tesla plans to start production of new, more affordable models in the second half of 2025, which has successfully boosted investor confidence and pushed the stock price to soar 13% after the market.
Earlier, there were rumors in the market that Tesla had given up developing cheap modelsmodel 2The plan also shifts the focus to the development of autonomous taxis (Robotaxis). This news once raised investors' concerns about Tesla's future product line. However, Musk quickly came forward to clarify and denied the relevant reports, insisting that Tesla had not given up on the development of cheap models.
During the earnings call, Musk detailed Tesla's future product strategy. He said Tesla is speeding up the renewal of its future model lineup and plans to advance the launch of new models to the second half of 2025. This new model will pay more attention to affordability to meet the needs of a wider range of consumers. At the same time, the production of new models will make full use of existing production lines without the need to build new plants or large-scale new production lines, thereby reducing costs and improving efficiency.
Musk also revealed that the new model will incorporate Tesla's next-generation platform and existingModel 3(arrangement|Request a quote) andModel Y(arrangement(|Request a quote) Some characteristics of the production platform. This design idea not only ensures the technical advancement of the new models, but also guarantees the compatibility and stability of the production line. Musk expects that the commissioning of the new models will increase Tesla's annual production capacity to more than 3 million units.
These news all prove Musk's firm determination and continuous efforts for future products. His speech not only responded to the market's concerns about Tesla's cheap model plan, but also successfully boosted investor confidence, pushed the stock price up 13%, and brought significant financial benefits to the company. We look forward to seeing the positive impact of this new product and believe Tesla will continue to grow strongly as it continues to introduce more advanced technology, lower costs, and wider market coverage.
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