Report: New Tesla Model 2 slated to cost around $25K

In this photo released by China’s Xinhua News Agency, Tesla CEO Elon Musk speaks at a delivery ceremony for the first Tesla Model 3 cars made at Tesla’s Shanghai factory in Shanghai, Tuesday, Jan. 7, 2020. (Ding Ting/Xinhua via AP)

OAN Newsroom
UPDATED 6:22 PM PT – Friday, July 2, 2021

New reports have said a new Tesla electric car is in development with a substantially reduced price tag. Called the Model 2, the car is described as a compact hatchback and is expected to go on sale worldwide in 2023.

However, the price is garnering the most attention with a tag estimated at around 21,000 euros, placing it at $25,000. This marks a significant shift away from the premium EV market where a Model 3 is priced at nearly 41,000 euros or more than $48,000.

This comes thanks to a new type of battery technology being developed by Tesla, claiming to reduce manufacturing costs by 50 percent while providing five times more energy.

MORE NEWS: Chicago Officials Slam Mayor Lori Lightfoot For City’s Rising Crime


Read More From Original Article Here:

" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker