Green Technology

Did Elon Musk Revive Hopes For A $25,000 Tesla?


CEO Elon Musk has gone backwards and forwards on the creation of a $25,000 Tesla, seemingly placing an finish to these plans earlier this 12 months. Nonetheless, his statements a few new automobile platform from the corporate’s final earnings name have aroused contemporary suspicion that plans for a extra reasonably priced Tesla may already be underway.

Tesla is engaged on a brand new car platform that would price Tesla round half as a lot to construct as its different autos, in accordance with a press release from Musk throughout Tesla’s Q3 earnings name and highlighted by Automotive Information Europe. The information has many questioning if this might ultimately turn into the beforehand rumored $25,000 automobile to which Tesla has referred up to now.

“We don’t know the precise dates, however that is the first focus of our new car growth group,” Musk stated on the earnings name.

The bottom-level trim of Tesla’s Mannequin 3 begins at $48,440 earlier than delivery, practically double the $25,000 goal value. The automaker’s different autos are constructed on the identical platform because the Mannequin 3, although they arrive with dearer value tags out the door.

Many have taken Musk’s statements as plans to revive the $25,000 automobile concept, which he final detailed in September 2020. On the time, Musk predicted the reasonably priced electrical car would want about three years to design and produce.

Now, over two years later, there’s nonetheless no signal of a $25,000 automobile and the automaker is busy getting ready to launch the Semi subsequent month, with the Cybertruck launching all through subsequent 12 months. In January, nonetheless, Musk said that the automaker wasn’t centered on the cheap Tesla mannequin, emphasizing the opposite initiatives it at present has its arms full with.

“We’re not at present engaged on a $25,000 automobile,” Musk stated throughout final 12 months’s This autumn earnings name. “Sooner or later we are going to. However we now have sufficient on our plate proper now — an excessive amount of on our plate, frankly.”

Whether or not the automaker’s new car platform will turn into the beforehand predicted cheap EV or not stays to be seen. Nonetheless, a brand new car platform at half the associated fee may definitely pave the way in which for Tesla to construct an economy-level car within the years to return.

Moreover, Musk has touted a way forward for robotaxis as probably the most cheap possibility and as a greater possibility for the long run than private automobile possession. It appears probably, then, that the upcoming automobile platform could possibly be centered on delivering a robotaxi to the market — even when it isn’t actively engaged on an affordable Tesla for shoppers.

In both case, a brand new car platform for Tesla is constructive information and, being the “major focus” of the automaker’s car growth group, the undertaking is more likely to catch the general public eye quickly sufficient.

Initially revealed by EVANNEX. Written by Peter McGuthrie.


 

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