Tesla's next EV will cost half of the  Tesla Model 3

NOV 15, 2022

By Sanjay Naik

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Tesla is trying to develop an EV that will affordable and compact in size

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Tesla CEO Elon Musk revealed the plans for this new affordable EV at Tesla's Q3 earnings call

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Where he confirmed that this upcoming EV will be compact in size & cost half of the model 3/Y platform

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So, we can expect this compact EV will be smaller than Tesla Model 3

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And half of the Model 3/Y price means, the new EV will roughly cost $25,000

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It seems like that Musk wants to cover the affordable EV segment  also with Tesla

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However, we don't think tesla will reveal this new EV until Cybertruck & Semi truck launch

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So, we don't think tesla will reveal this new EV until  late 2024 or 2025

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