Tesla won't cut Model 3 price, new smaller car will be to woo more buyers

Elon Musk has already said Tesla will make a new $25,000 EV.Elon Musk says Model 3 prices won't be cut.
By : HT Auto Desk
| Updated on: 29 Sep 2020, 08:32 AM
File photo of Tesla CEO Elon Musk. (REUTERS)
File photo of Tesla CEO Elon Musk. (REUTERS)
File photo of Tesla CEO Elon Musk. (REUTERS)
File photo of Tesla CEO Elon Musk.

Elon Musk knows the significance of having an affordable offering to ramp up sales figures and the Tesla CEO has been vocal about his intentions of having a product that is smaller and cheaper than the Model 3, currently the cheapest offering from the California-based company. As such, he recently once again underlined that the price of Model 3 won't be slashed in a bid to attract more buyers and instead, there would be a car smaller to it which could sit as a more affordable option for those on a tight budget.

Tesla has quite the lead in the world of electric personal mobility and its cars have become quite iconic in contemporary times. But the cars are not exactly affordable even if Model 3 has managed to invade and conquer the mass-market EV segment to a large extent. Sales figures have been climbing despite challenges galore and Musk may now be looking at coming up with a brand new offering that is cheaper than anything Tesla has rolled out thus far.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price
Mg Zs Ev 2022 (HT Auto photo)
Mg Zs Ev 2022
Electric | Automatic
₹21.99 - 25.88 Lakhs**Ex-showroom price

Musk has confirmed that two separate new vehicle programs are being planned in Shanghai and Berlin. The question now is not really what but when, even if Musk has given a rough timeline of three years.

Tesla has hands full now as it only recently began rolling out Model Y SUVs and is next gearing up to drive in the much-talked-about Cybertruck which would be followed by an electric truck - Tesla Semi, and Roadster.

The schedule and upcoming product lineups mean that those waiting for the smallest Tesla ever may have to wait rather long.

On the flipside though, Musk has an unconventional business style and while he is open and active on Twitter, may also spring a surprise when least expected. He is well aware that rivals like Volkswagen are upping the game an to stay ahead, the need for compact and cheaper EVs would be the need. As such, and even if there's no schedule confirmation, a more affordable EV from Tesla may be sooner rather than later

First Published Date: 29 Sep 2020, 08:31 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city