Tesla Inc. has ambitious plans to continue adding vehicles that upend the status quo and challenge legacy automakers, but it's running into some familiar problems: namely, an inability to deliver on CEO Elon Musk's production promises. Musk has said the ongoing global semiconductor shortage will be a factor in Tesla's ability to produce vehicles through the end of the year and has already delayed plans for the Cybertruck, the next-generation Roadster and a semitruck.
Beyond that, the company continues to toy with the idea of adding some sort of van as well as an inexpensive compact vehicle, but those tenuous plans are subject to change anytime Musk sends off a tweet.
Compact vehicle: Musk first floated the idea of a compact vehicle, priced at less than $25,000, at Tesla's Battery Day event last year. The price point would be achieved by the company's new battery technology, which aims to cut costs. Musk, on a call with Tesla employees, reportedly said the vehicle would launch in 2023. He also suggested it might not even have a steering wheel, echoing previous comments that it would be fully autonomous, although there is no indication the technology necessary for such a move would be ready (or legal) within two years.