At its Battery Day last week, Tesla Inc. (NASDAQ: TSLA) revealed plans to build a smaller, more affordable $25,000 all-electric vehicle. While no details were presented, the company’s new 4680 battery is what will allow it to produce a low-cost car.
Now, a new tweet from CEO Elon Musk has revealed plans for multiple new vehicles. When responding to a fan, Musk said both Tesla Gigafactory Berlin and Gigafactory Shanghai would be producing new vehicles, unique to each factory. Whether the new $25,000 Tesla is one of these vehicles is unknown.
Both will do original cars
— Elon Musk (@elonmusk) September 28, 2020
Benzinga’s Take: This is a pretty surprising development, considering after the unveiling of the Cybertruck, Musk said Tesla was done with new vehicles for a while. Although these cars won’t be out for a few years, that Musk is already talking about them