New Tesla Coming In 2025—Price And Design Could Reset EV Market
- by Forbes
- Oct 28, 2024
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Price:
And the price? While Musk did not reference the 2025 affordable vehicle explicitly, it appears to be tied inextricably to autonomy — which was the main theme of the earnings call — and to the Cybercab, which is due in 2026.
“With incentives, sub-$30K is a key threshold,” Musk said in reference to the Cybercab. That car will “cost on the order of — cost roughly $25K, so it is a $25K car. And you can — you will be able to buy one exclusively if you want. It just won't have steering wheels and pedals,” Musk said.
One outstanding question: Is the 2025 affordable Tesla the progenitor of the Cybercab? Or a stripped down Model 3? Based on what Musk and executives are saying, signs point to something closer to the Cybercab.
“So, I think we've made very clear that the future is autonomous,” Musk said during the call. And he repeated variations of that theme throughout the call. “We're currently making on the order of 35,000 autonomous vehicles a week. Compare that to, say, Waymo's entire fleet, it's less than — they have less than 1,000 cars,” Musk said, referring to the autonomous driving technology company owned by Alphabet.
Different look?
“A Cybercab looks different. A Cybertruck looks different, but Model Y and Model 3 are — look, they're good-looking cars but look fairly normal,” Musk said. He seems to be hinting that whatever comes next, whether it be a Cybercab or something else, will “look different.”
And building it will also be different. “It's especially not just a revolution in vehicle design but a revolution in vehicle manufacturing that is also coming with the Cybercab,” he said.
Tesla Cybercab rear view.
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