On the other hand, some of the year’s most pressing questions were harder to see coming in advance, although several of those have also been resolved as well to one degree or another. Would titans like Martin Scorsese, Christopher Nolan, and Wes Anderson make good on the breathless chatter that surrounded their latest projects and predictably inspire some of the most illuminating and demented takes in the history of human opinion along the way? Absolutely. Would audiences - so eager for a different breed of “event film” that they had already started to redefine the term themselves - actually follow through on the “Barbenheimer” meme that first spread across social media in late 2022? Yes. Would the studios - some of which had fatally diluted their brands with streaming options in a desperate bid to appease the stock market - find that once-reliable franchises had lust their luster? Yes. Some of the most pressing questions we had at the start of January were answered with resounding force. Tesla plans to make an inexpensive robotaxi and an entry-level, $25,000 electric car based on the same vehicle architecture, according to Walter Isaacson’s biography of Musk released in September, which includes interviews with the CEO and executives.In hindsight, it shouldn’t be surprising that the cinema of 2023 was so preoccupied with the unknown, as the first proper year after the start of the pandemic was always going to find the movie industry plunging into a brave new world. “Both the design of the products and manufacturing techniques are head and shoulders above anything else that is present in the industry,” he said at Tesla’s annual shareholder meeting. Musk said in May that Tesla was working on two new products, with the potential for combined sales of 5m vehicles a year. The timing of next-generation compact vehicles was one of the most voted questions by investors to Tesla ahead of its quarterly results report on Wednesday afternoon, when it is expected to forecast a 21% rise in 2024 deliveries, well below the long-term annual target of 50% that Musk set about three years ago. Tesla did not respond to a request for comment. All spoke on condition of anonymity because the matter is confidential. Production would begin in June 2025, three of the sources said. Tesla sent “requests for quotes”, or invitation for bids for the “Redwood” model, to suppliers last year, and forecast weekly production volume of 10,000 vehicles, two of the sources said. Musk said last year he was concerned about the impact of high interest rates on consumer demand for big-ticket items like cars. Tesla’s cheapest offering, the Model 3 sedan, currently has a starting price of $38,990 in the United States. Musk had first promised to build a $25,000 car in 2020, a plan he later shelved and then revived. Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as those made by China’s BYD.īYD overtook Tesla as the world’s top EV maker in the final quarter of 2023. The Tesla CEO, Elon Musk, has long whetted fans’ and investors’ appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms.
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