Tesla Plans $25,000 Electric Car in About Three Years, Musk Says | Happening Today

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  • Bloomberg QuickTake: Now published this video item, entitled “Tesla Plans $25,000 Electric Car in About Three Years, Musk Says | Happening Today” – below is their description.

    (Sept. 22) Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market vehicle, Chief Executive Officer Elon Musk said Tuesday. “This has always been our dream from the very beginning,” Musk said at his company’s “Battery Day” event showcasing its technology. “In about three years from now, we are confident we can make a compelling $25,000 electric vehicle that is also fully autonomous.” Musk, 49, is teasing prospects for a cheaper mystery model without ever having really delivered on the $35,000 price point he had long promised for the Model 3. Three years after Tesla started taking orders for the car in early 2016, the CEO announced plans to close most of Tesla’s stores as a cost-saving measure, allowing him to offer the car at that cost. He backtracked 10 days later, and the cheapest Model 3 available now is $37,990. Musk also said Tesla will make battery cells at a plant under construction in Berlin, where it also plans to assemble vehicles. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at quicktakenews@gmail.com QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.

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    In This Story: Elon Musk

    Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

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