Tesla’s long-awaited $25,000 electric vehicle will be available globally, including in the U.S., according to the latest company confirmation. While Tesla EVs continue to prove to be popular options, many consumers are locked out of buying one, due to the higher than average entry-level price point. The $25,000 Tesla has long been considered the solution to that problem.
Tesla offers a number of options to choose from and they do span the price spectrum, with the Model 3 currently the company’s cheapest EV. Starting at around $38,000 in the United States, the Model 3 is not the cheapest car around. Not to mention, this is for the Rear-Wheel Drive version, with both the Long Range and Performance Dual Motor All-Wheel Drive models starting at an even higher price. Technically, Tesla markets its $38,000 Model 3 as costing as low as around $30,000, but that is when factoring in the potential savings that might be on offer from switching to an electric vehicle.
Although the $25,000 Tesla has been discussed for some time, recent indications suggested this cheaper EV would only be available in China. However, Tesla China’s Vice President, Tom Zhu, recently took part in an interview with Xinhua Net Agency and confirmed the cheaper model will be sold globally. Although the U.S. was not specifically mentioned in the interview, the suggestion is global includes the United States. The T-Study YouTube Channel shared an English subtitled version of the interview where the company exec confirmed that although the model is being designed and built in China, and with the domestic market in mind, it will also be sold to the rest of the world.
$25K Tesla Won’t Solve All The Problems
Lowering the entry point for the price of a Tesla is almost certainly going to help more consumers make the switch to Tesla. However, it is worth keeping in mind that this only solves the purchase cost problem. Tesla vehicles all start at a price and the cost can quickly escalate, depending on the features and add-ons. For example, Full Self-Driving is one of the main headline features of a Tesla, but that upgrade alone costs $10,000. Therefore, even with a $25,000 Tesla available, those looking for the full Tesla experience will likely end up paying considerably more.
With that said, anything that can help drive the entry cost down is only going to be a good thing. Tesla vehicles are getting more exciting each year and the interest in the company, its products, and its technologies is only going to continue to increase. Therefore, having the option to at least begin to get involved for around $25,000 will open the Tesla door to more people, whether they’re based in the U.S., China or elsewhere.
Source: T-Study/YouTube