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Elon Musk shuts down the idea of a $25,000 Tesla

It was too good to be true anyways.

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Image: KnowTechie

The rumors of a $25,000 Tesla is a pipe dream. During Tesla’s Q4 earnings call, Elon Musk shot down the idea and quickly claimed that the company was not working on a budget-minded vehicle.

“We’re not currently working on a $25,000 car,” Musk said on the call. “We have too much on our plate.”

To be fair, Musk and Tesla do have a lot on their plate. With the global supply chain taking a beating and the obvious chip shortage, it would be ridiculously difficult and expensive to develop a $25,000 car.

Remember the Cybertruck? The one that was announced in 2019? That’s not getting released in 2022. In fact, Musk claims the company isn’t releasing any new models this year.

READ MORE: Volkswagen says it will overtake Tesla in EV sales by 2025

So the idea of the company releasing a $25,000 vehicle in 2022 is extremely unrealistic. But again, that’s if they were developing one to begin with, which doesn’t seem to be the case.

We previously covered these rumors, and they seemed to be legit at the time. Even Musk himself hinted at the idea, “In Europe, it would make sense to do a compact car.” Sure, he didn’t flat out saying the company was working on one, but Musk says a lot of things, so who really knows.

The idea of a $25,000 Tesla is great for consumers. But for Tesla, the logic probably isn’t there. The company would have a much smaller profit margin if they offered this. And seeing that Tesla, as any business, likes money – this probably will never see the light of day.

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Kevin is KnowTechie's founder and executive editor. With over 15 years of blogging experience in the tech industry, Kevin has transformed what was once a passion project into a full-blown tech news publication. Shoot him an email at kevin@knowtechie.com or find him on Mastodon or Post.

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