New family of affordable Teslas detailed: ‘multiple’ EVs coming as part of 20 million vehicle push

AutoExec Summary
The highly anticipated Tesla Model 2 did not make an appearance at the investor day held at the Texas Gigafactory, and there were no updates to the Model 3 and Model Y. Instead, Tesla outlined plans for a new family of advanced and affordable models to help reach its goal of producing 20 million cars annually by 2030, surpassing brands like Toyota and Volkswagen. The company also confirmed the production of the Cybertruck electric ute and detailed a new 48-volt electrical system. Tesla plans to reduce manufacturing costs and continue innovating to deliver better vehicles, with a focus on battery packs, electric motors, and software. The company also announced plans for a new Gigafactory in Mexico and hinted at expanding into fast food.

Brands mentioned: Tesla, Toyota, Volkswagen.