Tesla CEO Elon Musk has said in an interview that the American electric vehicle maker is currently working on a low-cost model “that will be made at very high volume,” Forbes reported.
“We are working on a low-cost electric vehicle that will be made at very high volume. We’re quite far advanced in that work. I review the production plans for that every week,” Musk told Munro & Associates founder Sandy Munro in the interview.
This upcoming model has been referred to as the ‘Model 2’, in reference to its positioning below the Model 3 sedan, and the first production line for this model will initially take place in the carmaker’s gigafactory in Austin, Texas, with a second plant in Mexico to add to production output later on.
“It would take too long to complete the factory in Mexico,” Musk said, and there will be an extension added to the plant in Austin, Texas, in addition to more buildings, according to Forbes.
“The revolution in manufacturing that will be represented by that car will blow people’s minds. It’s not like any car production line that anyone’s ever seen,” Musk said of the low-cost model, adding that the upcoming car will incorporate ” a level of production technology that is far in advance of any automotive plant on earth.”
Musk had alluded to a cheaper Tesla model as far back as 2018, when the CEO said that the carmaker could produce cars priced below US$25,000, or RM100k at the time. In June 2021, Tesla announced that it plans to produce a hatchback priced under the US$25k mark in 2023.
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haha…
if low cost, that is not musk,
if musk, there is no low cost
China going to cry….
If U support China buy
BYD instead of Tesla
This only means entry level Tesla can retail at less than RM200k including tax. Win-win government and rakyat. But still, that’s for T20 living in landed house spare toy car – 5 years down the road. Doesn’t concern the masses.
What are you talking about? The Model 3 RWD is available *now* in Malaysia at RM189,000
Tesla rahmah coming soon!
Tesla mai bukak kilang hat kedah
Musk know $30k is not affordable
The average cost of a new car in the USA is $48,000 as of October 2023
Two words – “disposable shitbox”
I thought that is China’s domain? They have been doing that for years.
Sahjahan Niveda
Its already looks very low cost and I dunno how it will be if mass low cost model…..may be without Aircond , central iPad and no power windows and sport rims
My guess would be smaller body, steer by wire (less mechanical parts), more efficient casting (high repair cost), less powerful motors, smaller battery.
wait till you grow another 200mm
This is very similar to what Changan motors Thailand is planning a mass production of cheap ev to the world Thai made cheap ev by 2025