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How soon can Tesla get its more affordable car to market?

Shares jump after carmaker says it is looking to accelerate production of lower-price EVs

Tesla sees biggest revenue drop since 2012 but shares still surgeElectric and hybrid car sales to rise to new global record in 2024

Tesla’s plans to bring a more affordable electric vehicle to the market appear to have moved a step closer.

On Tuesday, the company’s share price shot up by 12% after an update revealed the carmaker was hoping to accelerate the production of lower-priced EVs, with production of the first cars beginning as early as this year.

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