The electric vehicle industry is abuzz with the ongoing saga of Tesla’s much-anticipated $25,000 electric car. Amidst conflicting reports and statements from Tesla’s top brass, the real status of this budget-friendly vehicle remains a hot topic of discussion. Let’s delve into the most recent developments and provide a clearer picture of what potential buyers and investors might expect.
Elon Subtly Confirms Tesla’s $25,000 Electric Car Project
Elon Musk recently refuted a Reuters report that claimed Tesla was abandoning its plans for the affordable electric vehicle, initially dubbed as the “Model 2”. Reuters had cited anonymous sources and internal company messages indicating that the project was being scrapped due to intense competition in the Chinese EV market. However, Musk was quick to respond, stating on his social media platform, X (formerly Twitter), “Reuters is lying (again),” thereby denying the allegations of the project’s cancellation.
Reuters is lying (again)
— Elon Musk (@elonmusk) April 5, 2024
Further adding to the intrigue, Franz von Holzhausen, Tesla’s Chief Designer hinted at continued development of the $25,000 Tesla during a conference. When asked about the vehicle, he advised the audience to “stay tuned” and suggested skepticism towards everything read in the media. This statement indirectly supports the notion that Tesla might still be pursuing the project.
Franz @woodhaus2 on the new rumored $25,000 future Tesla pic.twitter.com/eAK7u3wxUI
— Zack (@BLKMDL3) April 7, 2024
The introduction of a more affordable Tesla is seen as crucial for the brand’s expansion into broader markets, including potentially lucrative ones like India. Elon Musk’s upcoming visit to meet with India’s Prime Minister this month adds to speculations that Tesla might discuss plans for entering the Indian market and possibly setting up a Gigafactory there. Launching a budget-friendly model in India would strategically align with Tesla’s goals to tap into a market that highly values cost-effectiveness.
Conclusion
Despite Musk’s denial and von Holzhausen’s cryptic encouragement, Electrek reported that the budget Tesla project, codenamed NV9 has been put on the back burner. This report has further fueled uncertainty about the future of Tesla’s affordable electric car.
Tesla’s history and Musk’s visionary statements have often led to dramatic market and media reactions. The ongoing uncertainty about the $25,000 Tesla car underscores the complex interplay of market expectations, media reporting, and corporate strategy. As Tesla continues to navigate these challenges, the automotive and investment communities remain eager for clear, confirmed plans.
every single tesla ever made was pitched as the $25k car….until.it wasnt.
Not true. The S wasn’t pitched as a 25k car. The X wasn’t. The cyber truck wasn’t. How can you be so completely wrong? I mean, wow, you made one of the most incorrect statements in the history of dumb statements.
No. It wasn’t.