Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025, as its quarterly profit and revenue fell short of Wall Street expectations on Wednesday due to discounts and financing offers.

Tesla is planning to launch more electric cars this year, including some cheaper ones, according to its latest investor relations report. It’s likely the new cars will include variants of existing models, like the best-selling Model Y and Model 3, and potentially the more affordable, once-cancelled-maybe-now-happening Model 2.

Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.

Tesla CEO Elon Musk has revealed the U.S. city where the automaker is planning to launch its first robotaxi service for paying passengers in June.