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Key Facts About Tesla’s Sales and Future Plans
Tesla is reportedly experiencing peak sales under CEO Elon Musk, according to Karl Brauer, an executive analyst at iSeeCars. Analysts note that declining sales and increasing competition, particularly from affordable Chinese vehicles, pose challenges for the company amidst a transition towards becoming a robotaxi operator. Tesla aims to launch its Cybercab, an autonomous vehicle priced under $30,000, by 2026 with a target operation cost of under $0.30 per mile.
In the near term, Tesla is also planning to release a more affordable Model Y crossover in Q4 2023, which could be crucial following the termination of the federal $7,500 EV tax credit. Additionally, plans for a second-generation Roadster and a factory dedicated to its Semi tractor trailer further highlight Tesla’s focus on expanding its offerings as it navigates a competitive landscape.
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