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Elon Musk Says a Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies
A low-cost model of Tesla will launch in 2025, CEO Elon Musk told investors. It could help the EV maker compete with BYD and other surging Chinese automakers.
A cheaper model of Tesla electric vehicle is coming late next year, CEO Elon Musk told investors today. A recent global survey by the consultancy Deloitte found that, as high interest rates persist, cost is driving drivers’ purchasing decisions, especially in Germany, the US, and Japan. On the investor call today, Musk and other executives said that the new vehicle would be made with “revolutionary” manufacturing technology but revealed no details of what that would involve.
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