Elon Musk, the CEO of Twitter, talked about making two new electric vehicles (EVs) in a speech at the company’s annual shareholders meeting. He also said that work has already started on the second EV. On the company’s “Batteries Day” in 2020, Elon Musk was given research that suggested one of the new cars might be a hatchback that costs $25,000.
“We are, in fact, working on a brand-new product right now. This is important to say again. The following steps are needed to make something brand new:” Monday, at a conference in Austin, Texas, Elon Musk made the announcement. He said that both the way the product was designed and how it was made were better than anything else on the market at the time. When it had its Investor Day in March, Tesla gave hints that two new models would be coming out soon.
Musk has said that when these two models are put together, the company should be able to make more than 5 million units per year. At the meeting, the Tesla board made it clear that there is no plan for Elon Musk’s replacement, and they said they were sorry about this. Elon Musk has given the impression that he has no plans to leave his position as CEO of Tesla in the near future.
He said, “I want to see it to make sure it’s great, because I think Tesla has a big part to play in AI and AGI.” “I want to watch it to make sure it’s great.” After the meeting, Tesla’s stock only went up by 1% on the after-hours market, making it almost the same as before.