🚗 Tesla's next car model will be 50 percent cheaper

At Tesla's Investor Day, the company announced that their next car model will cost 50 percent less to manufacture than today's Model 3.

A new Model 3 costs just over $40,000 to buy. The price of the next generation vehicle could therefore be as low as a little more than $20,000.

It's not certain that the entire cost reduction will be reflected in the price tag, but it will definitely be considerably cheaper.

Tesla has not yet revealed what the car model will look like. They just call it "Next Generation."

However, guessing that it will be a smaller car doesn't seem too advanced.

Perhaps it will look something like this? This is what the image generator Midjourney envisions.

Such an inexpensive electric car will be significantly cheaper than equivalent gasoline cars.

A Tesla Model 3 is now 30 percent cheaper to manufacture than when it was introduced in 2018.

This is a development that we at Warp News pointed out already three years ago.

💡 Optimist’s Edge: This is when electric cars will be cheaper than petrol cars

72 percent are completely wrong about when electric cars will be cheaper to buy than petrol cars, and out of those half think that it will NEVER happen. Electric vehicles will overtake petrol cars when the cost of the battery makes them cheaper to buy. We reveal when this will happen.

Warp NewsMathias Sundin

Back then, electric cars were clearly more expensive to buy than gasoline cars, and very few believed that it would change. Most people still don't understand that.

But Tesla's big price cut earlier this year, the cost reduction of the Model 3, and the future cost reduction of the next generation Tesla show that we were right.

Mathias Sundin
The Angry Optimist