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

CEO Elon Musk has gone forwards and backwards on the creation of a $25,000 Tesla, seemingly placing an finish to these plans earlier this 12 months. Nevertheless, his statements a few new automotive 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 automobile platform that would value Tesla round half as a lot to construct as its different automobiles, in keeping 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 finally change into the beforehand rumored $25,000 automotive to which Tesla has referred prior to now.

“We don’t know the precise dates, however that is the first focus of our new automobile improvement 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 automobiles are constructed on the identical platform because the Mannequin 3, although they arrive with costlier value tags out the door.

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

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

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

Whether or not the automaker’s new automobile platform will change into the beforehand predicted cheap EV or not stays to be seen. Nevertheless, a brand new automobile platform at half the associated fee may definitely pave the best way for Tesla to construct an economy-level automobile within the years to come back.

Moreover, Musk has touted a way forward for robotaxis as probably the most cheap possibility and as a greater possibility for the longer term than private automotive possession. It appears possible, then, that the upcoming automotive platform may very well 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 automobile platform for Tesla is constructive information and, being the “major focus” of the automaker’s automobile improvement group, the venture is more likely to catch the general public eye quickly sufficient.

Initially printed by EVANNEX. Written by Peter McGuthrie.


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