Elon Musk says Tesla aims to introduce a $25,000 model in 2025 [USA TODAY]
Tesla, Inc. (TSLA)
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Source: USA TODAY
to be the culmination of Elon Musk's ultimate plan for Tesla's product line. Start with an aspirational luxury vehicle—the Model S—and allow its sales to subsidize future, more affordable models until finally reaching the bargain $25,000 accessible entry-level Tesla. While the plan seems straightforward, in reality it's been anything but. In a 2022 Q3 earning's call Musk reaffirmed that the mythical $25k Tesla would be coming on a new platform and generating some hope that it would actually come to fruition. Then, Musk himself dumped some cold water on the possibilities at the start of 2024 when he said, “certainly I say things that should be taken with grain of salt because I am optimistic.” However, in that same call Musk said that Tesla was targeting production on its new platform—which will include the “affordable” model—in “late 2025.” So, in the same call Musk tells everyone to take what he says with a grain of salt but also confirms a production window for the car he's been
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