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Tesla Builds Cheapest Model Ever & Are Unions Dying?
Morning Brew Daily
Mixed Outlook for Tesla with Promising Achievements and Future Plans
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Tesla warned of notably slower growth in 2024 due to costs related to cyber truck production, increased expenses for AI projects, and recent price cuts affecting profitability. However, the company surpassed delivery estimates in Q4 with a record 484,000 car deliveries. Additionally, Tesla has plans for a new next-gen affordable car, code name Redwood, set to begin production in 2025, fulfilling the earlier promise of a $25,000 EV made in 2020.
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