Some rumors are coming out this week about Tesla’s upcoming $25,000 electric car, but I think it’s better to temper expectations about the timing because of two words: battery cells.
At Tesla Battery Day last year, CEO Elon Musk announced that Tesla will be making a $25,000 electric car.
The CEO commented in the announcement:
Tesla will make a compelling $25,000 electric vehicle that is also fully autonomous.
He made it clear that this new price point is achieved through Tesla’s new battery cell and battery manufacturing effort, which could reduce battery costs by over 50%.
The $25,000 Tesla electric car has been likened to a new electric hatchback that Tesla has been planning to produce at Gigafactory Shanghai in China and export globally.
Last year, Tesla announced plans to establish a new R&D center in China to build “a Chinese-style” electric car.
Tesla started taking design submissions for its Chinese-made small electric car last summer and started hiring for the program shortly afterward.
At the time, the automaker also released this early design drawing of a small electric hatchback. It led many to think that it was the design direction and form factor that Tesla is going for in the upcoming electric vehicle:
The timing for the new vehicle has been unclear, but this week, the media have been reporting on a rumor coming out of China:
A popular Chinese auto blogger who often reports on Tesla stated that sources told him that Tesla completed the first prototype...
Read Full Story: https://electrek.co/2021/08/04/tesla-25000-electric-car-temper-expectations-timing/
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