Elon Musk says Tesla isn't working on the $25,000 electric car it promised by 2023

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Tesla has too much on its plate to develop its promised $25,000 electric car right now. Musk suggested Tesla may never make the cheap EV.

Tesla isn't currently working on its $25,000 electric car. In 2020, Musk said Tesla would launch an autonomous, $25,000 car within three years. If you were waiting for Tesla to release a less expensive car before buying one, get ready to wait a little longer.

Tesla isn't working on the $25,000 electric car it promised would arrive around 2023, Elon Musk told investors duringon Wednesday. He said Tesla is too busy with other projects to make time for the low-cost electric vehicle. "We're not currently working on the $25,000 car," the Tesla CEO said."At some point we will, but we have enough on our plate right now, too much on our plate frankly."during an event in August 2020. He said that as battery costs come down, Tesla would be able to launch a fully autonomous, $25,000 vehicle. He didn't reveal what it would look like or any specifications, but said it would arrive in around three years.

 

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