Connect with us

Hi, what are you looking for?



Unique ~$25,000 Tesla Vehicles Planned For Europe & China

For a few years now, Tesla CEO Elon Musk has been briefly, occasionally, and somewhat mysteriously mentioning a potential low-cost Tesla vehicle that would have a starting price significantly below the starting price of the Tesla Model 3.

For a few years now, Tesla CEO Elon Musk has been briefly, occasionally, and somewhat mysteriously mentioning a potential low-cost Tesla vehicle that would have a starting price significantly below the starting price of the Tesla Model 3. While Tesla’s Secret Master Plan basically concluded at the production of a mass-market electric car — the Tesla Model 3 — the cold reality is that a $40,000 starting price is still well beyond the reach of an average American household, let alone an average global household.

Before we go forward on this topic, it should be acknowledged that Musk did say, at least once, that Tesla wouldn’t produce a lower-priced model than the Model 3. That was a few years ago, though, and it’s clear that Musk’s perspective on the matter has evolved over time.

During the Q2 2020 Tesla shareholder call, Musk had a particularly ear-catching statement: “The thing that bugs me the most is that our cars are not affordable enough. We need to fix that.”

Having closely followed and covered Musk for nearly a decade, that line came across as more than a “maybe we should do something about this” kind of statement. It rang of a hint, like saying: “We’re working on a lot behind the scenes in order to bring a lower-cost Tesla to market. Stay tuned.” It implied to me that Tesla was getting more serious about moving another step lower in the vehicle cost category.

And, as I noted last month, there’s been rumor that a Chinese design team is working on developing a somewhat smaller and more affordable car than anything Tesla offers at the moment. Indeed, it’s been assumed for a long time that Tesla will have a significantly cheaper model on the Chinese market — but many have wondered if that model would just be for China and similar markets or if there’d be a much more affordable Tesla (the same one or not) in Europe and the US.

We now have confirmation that Musk does plan to spread the love and make cheaper Teslas available around the world. We also learned that different lower-cost vehicles will be developed in different markets — at the least, one will be designed and developed in Europe while one will be designed and developed in China. The work designing and developing those cars will be done at Giga Berlin and Giga Shanghai.

What that does leave open for speculation is whether the United States will also get an entry-level Tesla that comes in at $25,000 or so. We’ll have to wait for more tweets and the gradual passing of time to learn the answer to that, but I would assume the answer is “yes.”

As a final note, aside from Tesla designing a smaller, cheaper vehicle, Paul Fosse recently wrote an interesting article for CleanTechnica on how Tesla could lower costs significantly with some financial wizardry. Check it out: “How Tesla Could Use Its Financial Strength To Drive MASSIVE Demand For Electric Cars — $87/Month Lease?” He also had a piece on how Tesla could significantly cut total cost of ownership, an option that may be much more likely on a smaller entry-level Tesla. For more on that, see: “Tesla Tire Costs 10× Battery Cost, & My Plan To Deflate Tire Costs 90%.”

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


You May Also Like

Clean Transport

Tesla’s stock has been popular this year, and retail investors have been no exception to this fact. With tens of billions spent on Tesla...


Lynk & Co is the #1 best selling car in the overall Dutch auto market.


Tesla officially moved its corporate headquarters from California to Texas in 2021, but in recent weeks, the automaker has debuted another new headquarters in...


Tesla’s recent Investor Day event brought with it a few announcements, including the automaker’s plans to construct a new Gigafactory in Mexico. The plant...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.