Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology convention on the Porte de Versailles exhibition heart in Paris on June 16, 2023.
Gonzalo Fuentes | Reuters
Tesla posted a teaser video on X sparking hypothesis that the electrical carmaker may very well be gearing as much as launch a brand new automobile.
The first video posted on Sunday reveals a spinning part which many on-line stated may very well be an inner part of a automobile. The video ends with the numbers “10/7,” indicating Tuesday’s date.
A second video additionally posted on Sunday reveals simply the headlights of a automobile.
The teasers have sparked dialog on-line and amongst analysts about what Tesla is as much as — and two theories have emerged.
The first is that it may very well be the next-generation Roadster automobile that Tesla CEO Elon Musk has been promising for years.
The second is that Tesla may very well be about to unveil a long-awaited mass market model.
Musk teased the next-generation Roadster idea again at an event in November 2017, and in June 2018 in a collection of tweets.
The billionaire has since hyped the automobile repeatedly and, in September, said on X that “the new Roadster is something special beyond a car.”
Musk has a historical past of promising issues which are both not delivered or take considerably longer than he initially says.
Meanwhile, Tesla has been saying a less expensive mass-market automobile will hit the market this yr. However, Musk has confirmed this decrease value providing will successfully be a stripped down Model Y.
For buyers, a mass-market model is seen as key to revitalizing Tesla’s gross sales. While Tesla reported a jump in auto deliveries within the third quarter of the yr, this was attributed to a pull ahead in demand as a result of expiration of a federal tax credit score. In the quarter earlier than, Tesla reported a supply decline.
The firm has seen a continuous slump in sales in Europe, and it continues to face heavy competitors in China, one other key market, from native gamers like BYD that are additionally increasing abroad.
Chinese gamers have been launching low-cost choices in Europe and elsewhere placing extra strain on Tesla to launched a model at across the $25,000 to $30,000 mark.