"Tesla to Launch Next-Gen Electric Vehicle Model in 2025"

Tesla plans to start production of its next-generation electric vehicle at its Texas factory in the second half of 2025, with CEO Elon Musk acknowledging the challenges of ramping up production. The company warned of a sharp slowdown in sales growth this year before the new model launch and expects "notably lower" sales growth as it focuses on the new vehicle. Tesla's stock fell as Musk discussed the difficulties of revolutionary manufacturing technology required for the new model. The company reported a gross margin decline and lower-than-expected revenue in the fourth quarter, signaling a shift from breakneck growth to slowing growth and margins as EV demand softens and competition intensifies.