Tesla will have to lean on its existing range of ever-older models led by the core mid-size 3 sedan and Y crossover that together account for more than nine out of 10 Teslas sold
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00:00 Tesla has admitted that its new Cybertruck won't help the company get out of its current
00:04 slowdown.
00:05 In fact, it won't return to high growth rates until the release of its upcoming entry
00:08 model that is still under development.
00:10 The Cybertruck is the first new Tesla since the Model Y launched in 2020, but its engineering
00:14 is so complicated that Elon Musk has warned production won't reach significant levels
00:19 until 2025.
00:20 Tesla says it's in an intermediate low-growth period and hopes its next-gen platform will
00:24 drive growth.
00:25 The platform is expected to include a range of models like a robo-taxi van and a $25,000
00:30 car.
00:31 In May, Musk said the new models combined could account for 5 million EVs annually.
00:36 But there is no rendering, sketch or indication of what the car will look like or when it
00:40 will be released.