Tesla’s $25,000 EV flip-flop, explained

Quick Summary:

The idea of a $25,000 Tesla has persisted for years — in part, perhaps, because CEO Elon Musk said he was “very confident” the company could do it at an event in 2020.

The idea that Tesla was building two different vehicles on this next-generation platform held for about a year, until Reuters published a bombshell story in April 2024: Tesla had scrapped plans to build a manually operable $25,000 car in favor of just pursuing the robotaxi.

Musk now says a $25,000 car is “silly” and “pointless.” Maybe finally delivering a car at the long-promised $35,000 price tag that the Model 3 was supposed to sell at is a more serious idea.

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Article Details

Author / Journalist: Sean O'Kane

Category: Technology

Markets: United States

Topics: Elon Musk Tesla EVs Electric vehicles Transportation Evergreens

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 19:00:53 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1253 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23228757

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