Tesla Inc.’s (NASDAQ:TSLA) next-generation budget car will have a key difference from the rest of its lineup.

What Happened: Tesla CEO Elon Musk said on Tuesday the company’s next-generation smaller car will work mostly in autonomous mode, Reuters reported.

There is a clear path to delivering a car that cost half as much to build as Tesla’s Model 3 sedan, said Musk.

However, Musk did not offer any additional details on timing and models, as per Reuters.

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Tesla is said to be delivering vehicles with Hardware 4 (HW4) self-driving hardware upgrades without any fanfare.

Last month, Tesla voluntarily recalled 362,758 vehicles, saying the Full Self-Driving Beta software may cause crashes.

Price Action: Shares in Tesla fell 3.15% to $187.71 on Tuesday and gained nearly 0.2% after hours, according to data from Benzinga Pro.

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