Small cars from Tesla should cost “half the price” – experts are skeptical

Tesla wants to produce a new vehicle platform as early as 2023. It should be the basis for a new small electric car that should only cost half as much as the previous models. However, experts are skeptical about CEO Elon Musk’s announcement.

With every new headline, it becomes harder to muster up the necessary confidence for Elon Musk’s announcements. And not just on Twitter.

Now the billionaire is once again talking about a new small electric car from Tesla, according to the online magazine Electrek According to Musk, the new vehicle platform should cost half as much as the Model Y and Model 3.

Tesla: Production of small electric cars repeatedly postponed

However, this announcement is not new. Musk has been talking about wanting to build cheaper electric small cars for years. But something always comes up.

First Tesla had to concentrate on the development of the Cybertrucks and the Semi. In 2022, the engineers then worked on the Optimus robot and focused on the production of the Model Y platform.

In the meantime, Musk even hinted that the company had even removed the cheaper e-vehicle from Tesla’s production plans. In addition, inflation and the high demand for e-cars have meant that prices have tended to rise.

Elon Musk is relaunching small car development

However, during a conference call in which Tesla presented its latest quarterly results, Musk said that the company still plans to produce a new generation of lower-cost small electric cars. The automaker has now finished developing its trucks and has the capacity to work on the new model.

New vehicle platform should only cost half

Musk explained that the findings from the development of the S, X, 3, Y, Cybertruck and Semi models will be incorporated into the design of the new vehicle platform.

But we have a 2-1 goal in mind. We’re trying to get back to that 50 percent [der Kosten] get.

The small electric car is said to cost around 25,000 US dollars. And that’s not all: According to Musk, the new small electric car should be on the market as early as 2023. In addition, Tesla wants to produce more volume with the new vehicle platform than with all of its other electric cars.

Tesla small electric car: Experts are skeptical

One is pleased that Tesla is promising cheaper electric cars again, writes again Electrek. However, the journalists of the magazine are particularly skeptical about the cost forecasts. Tesla does not have a good record in this regard.

Even the Model 3 should start at $35,000. The Model S, in turn, should have a price tag of $50,000. With both vehicle series, however, this was only the case for a short time for various reasons. However, the magazine does not doubt that the new vehicle platform for small e-cars will exist as a whole.

Tesla doubled its sales in the third quarter of 2022

Despite the difficult economic situation, Tesla was able to increase its sales to $21.45 billion in the third quarter of 2022 increase. The company thus achieved a sales increase of 56 percent compared to the previous year. Overall, this means an operating profit of 3.7 billion US dollars for the electric car manufacturer.

From the beginning of July to the end of September, the company sold a total of 343,000 vehicles. It seemsas if the electric car maker is going to have an epic end of the year, according to Musk.

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