Tesla Shareholders Meeting 2023 Highlights: Elon Musk Teases Two New Tesla EVs, a Cheaper USD 25,000 Hatchback Likely Soon (Watch Video)

San Francisco, May 17: Outgoing Twitter CEO Elon Musk has teased two new electric vehicles (EVs) during its annual shareholder’s 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. Hero Xpulse 200 4V With E20 Compliant Engine Launched: From Price to Specs and Design Changes, Here’s All You Need To Know.

“I just want to emphasise that we are actually building a new product. We are actually designing a new product. We’re not sitting on our hands here,” Musk told the gathering at the meeting in Austin, Texas, late on Monday.

“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. Honda Elevate SUV World Premiere Date Officially Announced; Here’s All the Key Details of the Upcoming SUV.

“I think Tesla’s going to play an important role in AI and AGI, and I think I need to oversee that to make sure it’s good,” he was quoted as saying. Shares of Tesla remained somewhat flat after the meeting, rising only about 1 per cent in after-hours trading.

Tesla Shareholders Meeting 2023

(The above story first appeared on LatestLY on May 17, 2023 10:19 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).