Elon Musk says making a $25K Tesla model would be ‘pointless,’ but some affordable EVs are on their way
- From next year, Tesla will produce cheaper EV models
- The company has significantly reduced the cost of producing an EV
- However, Elon Musk says a regular $25,000 model is pointless
Published on Oct 25, 2024 at 2:13 PM (UTC+4)
by Nalin Rawat
Last updated on Oct 28, 2024 at 3:48 PM (UTC+4)
Edited by
Alessandro Renesis
During its Q3 earnings call report, Elon Musk claimed that more affordable Tesla models are on their way and will launch in 2025, but there’s not going to be a non-robotaxi $25,000 model.
One of the company’s biggest downsides is that the upfront cost of its vehicles is quite high.
The Tesla Model 3 is currently the cheapest car in its roster and it sells for $42,490 before subsidies.
However, that might change next year as the company starts production of these new models.
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More affordable Tesla models
Tesla’s third-quarter report states that it’s making “preparations” to offer new vehicles with “more affordable models.”
“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,” states the report.
“These vehicles will utilize aspects of the next-generation platform. As well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle line-up.”
The EV maker has also reduced its production cost per vehicle to a record low of $35,100.
This means more affordable Tesla EV cars are on their way.
Elon Musk previously teased about these models way back at the beginning of the year.
No $25K model yet, according to Elon Musk
When we heard about more affordable Tesla EV cars, the first thing that came to mind was the $25,000 model that was promised by the company way back.
However, Elon Musk poured cold water on that dream.
He explicitly rejected the idea of developing a conventional $25,000 car, calling it “pointless” and “silly.”
“I think having a regular $25,000 model is pointless. Yeah. It would be silly. Like, it’ll be completely at odds with what we believe,” said Musk.
Nalin started his career by working with various national newspapers in India. He has also worked as a writer/editor for many popular websites, while still pursuing his journalism and mass communication degree. Working as a digital nomad has allowed him to inform and educate through his work. When he is not writing, you can find him playing video games or travelling the mountains on his bike.
