Musk: Tesla's low-cost new car development has made 'considerable progress'
On January 25th, Tesla held its fourth quarter and full year 2023 earnings conference call on January 24th local time. Musk revealed that Tesla has made 'considerable progress' in developing a new low-cost car. Musk provided almost no details about the car or its timeline, saying the company would not discuss product launches during the earnings call. Musk also said that Tesla is 'very excited' about the car and its revolutionary manufacturing system, which he said will be more advanced than other similar systems.
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