Tesla shareholders are pressing Musk to release new models
Investors are asking when Tesla plans to release new EVs in an online Q&A forum ahead of the automaker's upcoming earnings release.
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- Tesla shareholders really want the company to release new vehicles.
- An investor Q&A for Tesla's earnings saw them clamor for details about the automaker's next car.
- Elon Musk has teased a variety of new EVs, but it is unclear when they will be released.
Tesla shareholders want Elon Musk to roll out new vehicles.
Retail investors are submitting questions in an anonymous Q&A forum for Elon Musk and other executives to answer in Tuesday's earnings call, and many of them are asking when Tesla plans to release new EVs.
One shareholder requested updates on the status of a revamped Tesla Roadster, which Musk has teased will be a SpaceX-Tesla collaboration complete with rocket tech. Another asked about the launch of a possible "Tesla Van."
The questions show a clear desire from Tesla shareholders for new vehicles, with the company's best-selling EVs — such as the Model Y — now several years old.
That's in contrast to many of the automaker's rivals, who are releasing a host of new electric models, many of them at more attractive price points.
The last vehicle Tesla released was the Cybertruck, which remains in limited production and can cost as much as $100,000.
Musk continues to hint that the company plans to build more affordable electric vehicles, telling shareholders Tesla was accelerating those plans earlier this year after reports that the automaker was ditching a $25,000 "Model 2" caused Tesla's share price to drop.
A slide at Tesla's annual shareholder meeting in June teased three new mystery vehicles, but it is unclear what they are and when they will be released.
The investor Q&A also included questions about when Tesla's highly anticipated — and recently delayed — launch event for the company's first self-driving Robotaxi will happen and when these vehicles will be in action.
Other investors asked when Tesla's Optimus robot will be available to purchase and for Musk's thoughts on the impact of the upcoming presidential election on the EV market.
"Elon, do you believe a Trump/Vance administration will support Tesla and EVs? How confident are you based on your conversations?" read one query.
Musk has been outspoken in recent weeks in his support for Donald Trump and his running mate, JD Vance, despite Trump expressing skepticism about EVs.
Tesla did not respond to a request for comment from Business Insider, made outside normal working hours.
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