Elon Musk Teases New Tesla Models as Sales Drop

Elon Musk Teases New Tesla Models as Sales Drop

In a bid to potentially revive waning sales, Tesla CEO Elon Musk hinted at the introduction of new electric vehicles during the company’s annual shareholder meeting on Thursday. This announcement followed the shareholders' approval of Musk’s substantial $56 billion compensation package.

Musk showcased a slide featuring three new illustrations for upcoming vehicles

With a product range seen as outdated and a decline in sales figures, Tesla is in dire need of a product update. Although details were sparse, Musk did present a slide revealing illustrations of three new vehicles covered in white sheets, igniting speculation and anticipation.

New Products in the Pipeline

“We obviously have some new products we’re working on behind the scenes,” Musk stated, showing optimism that these new additions would be “pretty special.” The silhouettes provided some hints: a tall, boxy van-like vehicle alongside two lower, sleeker designs.

One potential candidate among the veiled vehicles could be Tesla’s eagerly awaited robotaxi, which is set for unveiling on August 8th. Additionally, Tesla has previously announced an accelerated rollout of new models, including more affordable options, expected to debut in late 2024 or early 2025.

Previous Teases and Future Plans

This isn't Tesla's first instance of hinting at new arrivals. In their April “Master Plan Part 3” document, the company suggested the possibility of Tesla-made compact cars, commercial vans, and even buses, although their status remains “to be determined.”

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