ELON Musk has confirmed that Tesla hopes to launch the long-awaited Roadster and a lower-cost electric vehicle by next year. Tesla's CEO said the company has maintained a sharp focus on self-driving technology during a sales dip. On the company's July 23 earnings call, Musk said Tesla would wait to fully announce new products until later launch events.
Still, the CEO dangled a few teasers for upcoming fan-favorite vehicles. The CEO said drivers should look forward to a Tesla Roadster and a "lower cost" vehicle by 2025 while pushing back against questions about unveiling a series under the Cyber brand. Tesla fans have waited for the Roadster's rebirth for years.
The company's first production vehicles in 2012 were called the Roadster. The two-seater sports car was largely responsible for providing the then-nascent company with a performance-ready brand identity. Tesla's initial cars rebadged the luxury two-seater Lotus Elise and added a high-powered, Tesla-built battery to the car's underbelly.
The new Roadster will likely be a sleeker version of the initial EV. Musk has continuously promised a revival of the car in several interviews. Musk also said the company would launch a "lower-cost" vehicle by next year but didn't discuss the product's details further.
The CEO promised a $25,000 vehicle for years, but several reports suggested the company put the vehicle on the back burner while focusing its efforts on self-driving technology. During the questions section of the earning.