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Tesla’s $25,000 model might come sooner than you think
Once it’s out, there’s no reason to go back to gas.
Game over, auto companies. It’s over. Face it. Tesla won.
I’ve said it before: if GM really wants to invest in electric engineering, they need to stop all production on any gas-powered and diesel vehicles. That might be bad news for investors short-term, but it will line them up for massive success in 7–10 years.
Prior to last year, it was already rumored that Tesla was in the early stages of a new electric hatchback/subcompact vehicle. This would probably be Tesla’s affordable $25,000 car that they announced at last year’s “Battery Day.”
At first glance, a $25,000 price tag doesn’t sound so impressive, especially since you can head to a dealer and buy a Toyota Carolla or Ford Fusion for around $20,000. But the Tesla model will likely be aimed at a different market, not at people going to buy a middle-of-the-road sedan. The Model 3 was priced at $40,000 but was aimed at the luxury mid-sized market that revolves around the BMW 3-series. This new $25,000 Tesla will likely be aimed at the same consumers who would buy a VW Golf, which you can pick up right now for just over $23,000.
New documents show that Tesla China received approval in January for a “new model early…
