Tesla (TSLA.O) expects to start production of its next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday, after warning of a sharp slowdown in sales growth this year, Ednews reports citing Reuters.
But Tesla shares were down 6% in after-hours trading as Musk noted that ramping up production of the new vehicle would be challenging. Musk said it would take "a tremendous amount of new revolutionary manufacturing technology" required - a sign that any boost to Tesla's declining pace of growth would take time.
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