Tesla starts 'first builds' of affordable model, posts steepest drop in quarterly revenue in over a decade


FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

(Reuters) -Tesla started making the "first builds" of its affordable model in June, the electric vehicle maker said on Wednesday, adding that it expects volume production in the second half of this year.

Tesla did not provide an update on its full-year deliveries forecast after pulling its guidance in April, citing economic concerns.

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