CEO to potentially boost declining sales Tesla’s Elon Musk introduced new electric cars at the company’s annual shareholder meeting on Thursday. The news comes after shareholders approved Musk’s $56 billion compensation package.

Musk presented a slide with three new images of new cars

Faced with a stagnant product range and declining sales figures, Tesla’s It urgently needs a product update. Without giving any specific details, Musk posted a slide showing images of three new vehicles wrapped in white sheets, sparking speculation and excitement.

“Obviously, we have some new products we’ve been working on behind the scenes,” Musk said, expressing confidence that these upcoming additions will be “pretty special.” The silhouettes offered some clues: a long, boxy, van-like vehicle contrasted with two lower, sleeker silhouettes.

One possibility is that one of the covert vehicles could be the long-awaited robot taxi. Tesla’sHis presentation is scheduled for August 8. In addition, Tesla had previously announced an accelerated launch of new models, including more affordable models, planned for late 2024 or early 2025.

This isn’t the first time Tesla’s teases new additions. In its “Master Plan Part 3” document in April, the company hinted at potential versions of compact cars, commercial vans and even buses. Tesla’sbut their status “has not yet been determined.”