Tesla to Launch Budget-Friendly Electric Vehicles and Test Paid Autonomous Service in 2025

Tesla has announced plans to launch more affordable electric vehicles in the first half of 2025 and will begin testing a paid autonomous car service in June, boosting investor confidence despite posting weaker-than-expected quarterly results on Wednesday.

Shares of the electric vehicle maker rose 4% following the announcement, as Tesla also emphasised cost-cutting efforts and production efficiencies.