What's the story After witnessing its first annual sales decline since going mainstream, Tesla is poised to launch a range of "more affordable models" in 2025. The company sold 1.79 million cars last year, a tad short of the 1.81 million vehicles it sold in 2023. The new models are part of Tesla's plan to boost its annual production by over 60%, targeting an output of about three million cars per year. Production plans New models to enter production in H1 2025 Tesla has said that the new models will go into production in the first half of this year. They will feature elements from both the current Model 3 and Model Y platforms as well as a new architecture unveiled by Tesla last summer. The cars will be produced on the same assembly lines as Tesla's current models, meaning they won't be entirely new designs. This will help keep costs low and increase production volume without requiring too much capital investment. Model speculation