Elon Musk the Tesla Chief Executive said on Tuesday that the company’s next generation small car would be mostly in self-drive mode, similar to the promise he made in 2020. He further added that there was a clear path to deliver a car that cost half as much as the Model 3, but he didn’t give any details about the models or timing.
At an event in 2020, Musk said he was confident that Tesla would make a small and compelling electric car that costs $25,000 and would be fully self-sufficient within the three years. Musk did not reveal when he will debut an affordable electric vehicle, despite engineers telling investors that the company will cut assembly costs by half in future generations of cars.
A group of executives led by Musk discussed everything from a white-paper plan for the globe to embrace sustainable energy to the company’s innovation in managing its operations from manufacturing to service. There was no information about when the next generation cars would be launched and what models would be offered.
Musk was expected to lay out a plan to make a more affordable electric vehicle that would broaden his brand’s appeal and overcome competition.