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Tesla gambles on not introducing new models

Mint Kolkata

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October 24, 2025

Tesla's groundbreaking 2017 Model 3 electric sedan, followed by a taller Model Y variant, ushered in the era of mass-market electric cars, made Tesla the world's most valuable automaker and chief executive officer (CEO) Elon Musk the world's richest man.

- Reuters feedback@livemint.com

But years later, Tesla's stalling car business remains almost entirely dependent on that one breakthrough, and it may continue to be for years to come.

The automaker's only model since then, the Cybertruck, flopped. Tesla now has next to nothing in the product pipeline for human drivers as Musk refocuses the company on selfdriving technology and humanoid robots.

A new Roadster supercar, unveiled in 2017 as a prototype, has yet to arrive and would serve only a super-wealthy niche. The automaker last year killed a project to make a $25,000 electric vehicle (EV) and instead, earlier this month, introduced stripped-down versions of the Model 3 and Model Y costing $37,000 and $40,000, respectively.

no reason why that cannot work.

Mint Kolkata'den DAHA FAZLA HİKAYE

Mint Kolkata

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Roll out a carpet

India's central bank recently released the 10th edition of its Handbook of Statistics on Indian States.

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PSU bonds issues hit pause as yields rise despite rate cut

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Flipkart gets nod for India residency, one hurdle left

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Chile gets its most right-wing president in decades

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