{"id":31708,"date":"2025-07-24T06:10:00","date_gmt":"2025-07-23T22:10:00","guid":{"rendered":"https:\/\/multimetro.hk\/plus\/2025\/07\/24\/tesla-starts-production-of-more-affordable-models\/"},"modified":"2025-07-24T06:10:00","modified_gmt":"2025-07-23T22:10:00","slug":"tesla-starts-production-of-more-affordable-models","status":"publish","type":"post","link":"https:\/\/multimetro.hk\/plus\/2025\/07\/24\/tesla-starts-production-of-more-affordable-models\/","title":{"rendered":"Tesla starts production of more affordable models"},"content":{"rendered":"<p>Tesla says it has started<br \/>production of a more affordable model and expects volume<br \/>production in the second half of the year.<br \/>The company reported the steepest decline in quarterly<br \/>revenue in more than a decade, with a 12% fall, as it battles<br \/>strong competition from cheaper electric vehicles and a backlash<br \/>against CEO Elon Musk&#8217;s political views.<br \/>Revenue fell to $22.5 billion for the April-June<br \/>quarter from $25.50 billion a year earlier. Analysts on average<br \/>were expecting revenue of $22.74 billion, according to data<br \/>compiled by LSEG.<br \/>The company reported a second straight quarterly revenue<br \/>drop despite rolling out a much-awaited refreshed version of its<br \/>best-selling Model Y SUV that investors had hoped would rekindle<br \/>demand.<br \/>Much of the company&#8217;s trillion dollar valuation hangs on<br \/>its bet on its robotaxi service &#8211; a small trial of which was<br \/>started in Austin, Texas, last month &#8211; and developing humanoid<br \/>robots.<br \/>However, investors are worried about whether Musk will<br \/>be able to give enough time and attention to Tesla after he<br \/>locked horns with President Donald Trump by forming a new<br \/>political party this month. He had promised weeks earlier that<br \/>he would cut back on government work and focus on his<br \/>companies.<br \/>A series of high-profile executive exits, including a<br \/>longtime Elon Musk confidant who oversaw sales and manufacturing<br \/>in North America and Europe and left Tesla last month, is also<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla says it has startedproduction of a more affordable model and expects volumeproduction in the second half of the year.The company reported the steepest decline in quarterlyrevenue in more than a decade, with a 12% fall, as it battlesstrong competition from cheaper electric vehicles and a backlashagainst CEO Elon Musk&#8217;s political views.Revenue fell to $22.5 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-31708","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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