Musk says Tesla's affordable EVs coming next year

Tesla CEO Elon Musk said the EV-maker is planning to bring newer, more affordable models in early 2025 after recent uncertainty about the status of the company's long-discussed plans for a lower-cost EV in its lineup.

Musk pushed back on a report by Reuters from earlier this month, which cited sources familiar with the company's planning and internal documents, that indicated Tesla had backed off its plan to launch a $25,000 EV — often referred to in reports as the "Model 2" though Tesla hasn't offered a name.