Elon Musk has told Tesla employees that the automaker is aiming to release its previously announced $25,000 (approx £18-20k) electric car in 2023. Musk also suggested it might not even be equipped with a steering wheel.
At Tesla Battery Day last year, CEO, Elon Musk, announced that Tesla will be making a fully autonomous $25,000 electric car.
In the announcement he made it clear this new price point will be achieved through Tesla’s new battery cell and battery manufacturing endeavour, which is set to reduce battery costs by over 50%.
The new EV, referred to as the Tesla Model 2, is likely to a new electric hatchback that Tesla will produce at its Gigafactory in Shanghai.
Tesla started taking design submissions for its Chinese-made small electric car early last summer and started hiring for the production soon after.
In his comments, Musk linked the release of the new small electric car to Tesla achieving a deployable full self-driving system and even asked Tesla employees: “Do we want to have this car come with a steering wheel and pedals?”