A cut-price Tesla is coming! Elon Musk confirms $35,000 Model 2 could be here as soon as 2023 to take on cars like the Toyota Corolla Hybrid

Tesla Tesla News Electric Best Electric Cars Hatchback Best Hatchback Cars Tesla Hatchback Range Electric Cars Green Cars Industry news Car News
...
A more affordable Tesla is coming soon.
Andrew Chesterton
Contributing Journalist
23 Sep 2020
2 min read

Tesla boss Elon Musk has confirmed his intention to produce a cheaper electric vehicle, saying a $US25,000 EV is coming around 2023.

That marks a significant decrease in the cost of Tesla ownership, with a straight currency conversion equaling $34,401. dollars in our market - or Australia's cheapest electric cars.

"We are confident that long-term we can design and manufacturer a $25,000 electric vehicle that will be compelling," Musk said at his Battery Day event.

Read More: "Teslas are not affordable": Elon Musk flags new, cheaper hatchback that would take fight to Toyota Corolla Hybrid

"This has always been the dream since the beginning of the company. Our first car was an expensive sports car, then a slightly less expensive sedan, and then finally a mass-market premium vehicle.

"But it was always our goal to make an affordable electric car. And we're confident that in around three years from, now we'll be able to make a very compelling US$25,000 electric car that's also fully autonomous."

The new of a Tesla Model 2 will be welcome to buyers who can't stretch to the $73,900 starting of for the Tesla Model 3.

Musk has previously said the new model would likely be designed and built in Germany - that would take the shape of a "European-style hatchback" to battle cars like the Toyota Corolla Hybrid.

Andrew Chesterton
Contributing Journalist
Andrew Chesterton should probably hate cars. From his hail-damaged Camira that looked like it had spent a hard life parked at the end of Tiger Woods' personal driving range, to the Nissan Pulsar Reebok that shook like it was possessed by a particularly mean-spirited demon every time he dared push past 40km/h, his personal car history isn't exactly littered with gold. But that seemingly endless procession of rust-savaged hate machines taught him something even more important; that cars are more than a collection of nuts, bolts and petrol. They're your ticket to freedom, a way to unlock incredible experiences, rolling invitations to incredible adventures. They have soul. And so, somehow, the car bug still bit. And it bit hard. When "Chesto" started his journalism career with News Ltd's Sunday and Daily Telegraph newspapers, he covered just about everything, from business to real estate, courts to crime, before settling into state political reporting at NSW Parliament House. But the automotive world's siren song soon sounded again, and he begged anyone who would listen for the opportunity to write about cars. Eventually they listened, and his career since has seen him filing car news, reviews and features for TopGear, Wheels, Motor and, of course, CarsGuide, as well as many, many others. More than a decade later, and the car bug is yet to relinquish its toothy grip. And if you ask Chesto, he thinks it never will.
About Author

Comments