Elon Musk has teased two new EVs during Tesla's annual shareholder meeting, saying one new EV is already in the manufacturing process
One of the new vehicles might be the $25,000 hatchback that Musk mentioned back in 2020 during the company’s battery day, reports TechCrunch
I just want to emphasise that we are actually building a new product and not sitting on our hands here,” Musk told the gathering
“Both the design of the products and the manufacturing techniques are head and shoulders above anything else that is present in the industry,” he added
Tesla previously teased two new models at its Investor Day in March
“We’ll probably make in excess of 5 million units per year of these two models combined,” Musk said
At the meeting, Tesla’s board clarified there was no succession plan for Musk
Musk also said he has no intention of stepping down as Tesla CEO