The first half of 2025 came and went, and Tesla didn’t launch any new “more affordable” models. With the release of its Q2 2025 financial results today, Tesla is trying to get semantic and says that it has produced the “first builds” of “a more affordable model” in June: Advertisement - scroll for more content We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025. Now, the automaker talks about launching the vehicle “in 2025” and again claims to have stuck to its “1H2025” timeline with the “initial production”: “Plans for new vehicles that will launch in 2025 remain on track, including initial production of a more affordable model in 1H25.” There’s confusion in the Tesla community around Tesla’s upcoming “affordable” vehicles because CEO Elon Musk falsely denied a report last year about Tesla’s “$25,000” EV model being canceled. The facts are that Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla” in early 2024. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab. Instead, Musk noticed that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as the Company faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines. We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y. In recent months, several other media reports reinforced this, and Tesla all but confirmed it during its latest earnings call, when it stated that it is “limited in how different vehicles can be when built on the same production lines.”