Tesla no longer cites goal of 20 million electric cars per year

The automaker initially did not respond to the question of whether the goal had been officially abandoned. Last year, Tesla increased deliveries by almost 38 percent to just over 1.8 million vehicles. However, there is no forecast for 2024 so far. Tesla only indicated a lower growth rate. Previously, company chief Elon Musk had mentioned increasing deliveries by 50 percent annually.

Less Expensive Models to Hit the Market Soon

After a decline in sales at the beginning of the year, Musk announced in April that less expensive models would be brought to market faster than initially planned. They are now scheduled to go into production before the originally targeted date in the second half of 2025. However, the production processes will not be revamped as radically as initially announced. Additionally, Musk aims to unveil a robotaxi in early August.