Tesla's boss Elon Musk suggests the arrival of a more compact car while acknowledging that the price of the manufacturer's six range...
Tesla's boss Elon Musk suggests the arrival of a more compact car while acknowledging that the price of the manufacturer's six ranges is too high. The firm has just cancelled a cheaper version of the Model Y because of range problems.
Tesla could soon launch a cheaper car than the Model 3. In a statement on Wednesday, the entrepreneur said he hoped his company would be able to sell vehicles cheaper than the ranges currently on offer (Model S, 3, X, Y, Cybertruck and Semi). Tesla recently lowered the price of the Model Y, while cancelling a cheaper version of the vehicle that was scheduled to arrive.
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Elon Musk teases the arrival of a cheaper compact Tesla
In a conference call, Elon Musk told investors and analysts:
"It is important to make the [electric] car affordable. We will not succeed in our mission if we do not make cars affordable. What concerns me most is that our cars are not cheap enough at the moment. We need to change that.
Asked about the possible arrival of a new, cheaper car, Elon Musk did not shy away from giving more details:
"I don't think we can comment on our detailed product roadmap beyond what has already been announced because I think we prefer to reserve that for our launches,"
Before conceding: "it would be reasonable to think that sooner or later we would make some sort of compact vehicle, and probably some sort of larger capacity vehicle. These are likely scenarios. But I think we still have a lot to do with the 3, the Y, the Cybertyruck and Semi...I think we'll do the right thing.
The Model 3 is currently the manufacturer's most expensive vehicle. It seems that significant economies of scale will still be needed to deliver an attractive compact vehicle with a reasonable range and a much lower price.