Tesla could produce $25K electric car within 3 years, Elon Musk says
September 22, 2020
By Thomas Barrabi
Tesla is aiming to manufacture a “compelling” $25,000 electric vehicle within the next three years by making use of improved battery technology, CEO Elon Musk said Tuesday during the company’s “Battery Day” presentation.
Musk set the goal during a lengthy presentation on Tesla’s improved battery cell design. Tesla’s “tab-less” batteries would improve vehicle range by 16%, be six times more powerful and have five times the energy capacity of current-generation batteries.
While Tesla won’t begin mass-producing the batteries for months, the company expects the improved design to help lower vehicle production costs in the coming years. Musk said the development of an affordable mass-market electric vehicle “has always been our dream from the beginning of the company.”
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