Tesla leaning on existing tech to rush cheaper EVs to market this year

AutoExec Summary
Tesla plans to introduce new, cheaper electric vehicle models by the end of 2024, using existing parts and platforms to fast-track production. The company aims to increase vehicle volumes and achieve more than 50 per cent growth over 2023 production without investing in new manufacturing lines. However, specific details about the new models have not been provided. Tesla’s quarterly sales have slumped to their lowest level since 2022, but the brand still holds the record for the highest number of vehicles produced in a year. There is no information on when or if the new models will come to Australia.
Brands mentioned: Tesla, BYD.