An early preview of Tesla's affordable electric vehicle, the "Model 2," has been released. - reelectseanmitchell

An early preview of Tesla's affordable electric vehicle, the "Model 2," has been released.

CEO Elon Musk said the company is working on "two new products" during the 2023 shareholder meeting in the United States.

These "two new products" are widely believed to be the new hatchback and the rumored Tesla Model 3 facelift. Musk has indicated a strategy shift toward

being a high-volume EV producer by claiming that annual manufacturing of the two new vehicles "will probably make over five million units."

Right-hand-drive versions of Tesla's high-end Model S and Model X were canceled not long ago, with the company citing the technical and logistical difficulty of the conversion as the primary reason.

Unlike the more popular Model 3 and Model Y, Tesla has not yet ramped up manufacturing or sales of these two vehicles. The company produced 1,298,434 Model 3s and Ys in comparison to just 71,177 Model S and Xs in 2018.