There’s probably one or two new models that have been rumored since March. They were supposed to be the most popular Tesla cars.

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I want to emphasize that we have already started working on a new product. We are currently designing a new product. we don’t sit idly by
– Musk added that cars will be “higher than anything that exists in this industry.”

Meanwhile, the silhouette of one of the new electric cars behind Mask was shown on the screen. Perhaps it will be a $25,000 budget hatchback promised in 2020. However, Tesla’s chairman did not disclose details, referring to the fact that this meeting is not a place for new product announcements. Thus, he pointed to a separate presentation event.

The two new models were already mentioned by Musk at Investor Day in March this year. One looked like a van, and the other looked like a sedan or hatchback. Presumably, these will be affordable and bulky electric cars. According to Musk’s estimates, the production volume will exceed 5 million units per year.

In addition, the shareholders who come to the meeting can evaluate the new Cybertruck pickup truck, which is about to go into mass production. Compared to other prototypes that have appeared recently, this one looks the most complete. It still has a huge windshield wiper, also known as a “giga wiper”, a body with retractable flaps and adaptive air suspension for off-road driving. The first deliveries are expected by the end of the third quarter of 2023.