Elon Musk confirms that Tesla will launch its affordable electric car at the end of 2025

Elon Musk, CEO of Tesla, has announced that the company will begin manufacturing its next-generation electric platform at the end of next year, thereby confirming the leaks that in recent days indicated that its long-awaited electric access car would see the light of day. mid-2025. However, the businessman has been cautious with the launch date.

affordable electric car

“Our current schedule says we will begin production in late 2025, sometime in the second half [of the year],” Musk said during Tesla’s fourth-quarter earnings call. Considering the brand’s long history of delays, this caution in his estimates should not catch us by surprise.

The executive warns that scaling production of the new assembly line, which he describes as revolutionary, will not be easy. “We need engineers to live on the line.” This statement, which only agrees with those who criticize the working conditions offered by the manufacturer, takes us directly back to the so-called “production hell” that Tesla suffered in 2017 and 2018 with the Model 3.

Known internally by the code name “Redwood,” the first model based on the new platform will be a compact crossover (C segment) located one step below the Model 3 and Model Y. According to the manager, it will exceed the combined sales of the rest of the range, becoming the principal architect of the company’s growth in the coming years.

Tesla’s compact crossover will have a target price of $25,000

The new platform, NV9X, promises to cost half that used in the Model 3 and Model Y, which will be possible with new cutting-edge production processes. “Both the design […] and the manufacturing techniques are far above anything else in the industry.”

affordable electric car

Its target price is $25,000, although it emphasized that this figure is “American style”; that is, without including taxes. It could cost $32,526 in the European market, a very competitive figure for a vehicle in its category. The difference compared to the Model 3, which currently starts at $43,108, would be pretty notable.

Everything indicates that it will be assembled in four locations: China, Spain, India, and Mexico. Although negotiations to build a gigafactory in Valencia are very advanced, Musk has not ruled out expanding its German facilities (Giga Berlin) to accommodate the new model.

Source- InsideEVs

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