Is a low-priced Tesla a yes, no, or maybe?

Confirmed then canceled, here is the budget-friendly Tesla returning to the manufacturer’s lineup in 2025. Beware of headaches.

During the presentation of Tesla’s poor half-yearly results, Elon Musk announced plans to produce new models in 2025, including the much-talked-about more affordable version that he himself had shelved a few weeks earlier. Elon Musk then wanted to pause the Model 2 project to focus the company’s energies on the development of Robotaxi.

Tesla announced a revenue of 21 billion dollars for the first quarter of 2024. A strong result that many traditional manufacturers would envy, but which cannot hide a 9% decline compared to the previous year. More seriously, net profit fell by 55%, reaching a modest 1 billion dollars. Caution is necessary, and it’s worth recalling that Tesla is not in a crisis yet, but like all players in the electric market, the American automaker faces a slowdown in demand. The mid-range market is completely saturated by the Chinese influx, hence the consideration of a more affordable model.

Towards a low-cost Model 3?

If this topic is back in the spotlight, Musk has not specified whether this low-cost electric vehicle would be a brand-new Tesla model or a simplified version of an existing vehicle in the catalog.

Increasing production of Model 3 chassis while working on technical simplifications would, for example, be less costly than developing a new model. The 35,000 euro barrier will soon be broken for this model, and it doesn’t seem impossible to trim a few more thousand euros off the embedded technology, comfort equipment, and of course, batteries. In a way, inventive frugality.

Musk will reveal more details on August 8, during the Robotaxi presentation.