Cheaper Tesla EV units are expected to arrive. The company's executives hinted at this new plan for the automaker during the previous Goldman Sachs tech conference.
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The Tesla logo is displayed on the hood of a Tesla car on May 20, 2019 in Corte Madera, California. Stock for electric car maker Tesla fell to a 2-1/2 year low after Wall Street analysts questioned the company's growth prospects.
Martin Viecha, one of the automaker's executives, talked to the investors during the recent invite-only event in San Francisco on Monday, Sept. 12.
He shared their plans for the next five years, including the upcoming price drops for Tesla units. Recently, the EV maker had to increase its electric car prices due to the worsening inflation.
But Elon Musk already talked about lessening the costs once inflation calms down.
Cheaper Tesla EV Hinted Before Robotaxi Launch!
According to Electrek's latest report, when Tesla increased its EVs' prices, the cheapest model that U.S.-based consumers could purchase started at around $46,000.
(Photo : Photo by Sean Gallup/Getty Images)
In this aerial view newly completed Tesla Model Y electric cars stand at the new Tesla Gigafactory electric car manufacturing plant on March 25, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, officially opened on March 22 with an event with German Chancellor Olaf Scholz and Tesla CEO Elon Musk.
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However, the company's CEO said that a more budget-friendly Tesla unit would allegedly start at around $25,000.
Now, it seems like this will come true as Viecha explained that the cost of making vehicles is among their major plans in the next five years, as reported by Business Insider.
He added that Tesla needs to have a broad portfolio if it wants to be a high-volume automaker. The executive further explained that the EV developer must offer cheaper electric cars before the upcoming robotaxi service is launched.
Tesla Model Y as Best-Selling Unit in 2023?
Aside from the cheaper EV unit, Viecha also said that the Tesla Model Y might be the best-selling unit in 2023.
"Model Y will basically next year become the best selling vehicle of any kind of all time in the world," said the company's executive.
However, he didn't clarify if the Model Y would be among the units that would have reduced prices.
If you want to see further details about the automaker's new plans for the next five years, you can visit this link.
In other stories, Tesla's new lithium finery for EV batteries may soon start construction.
On the other hand, the Tesla Model Y earned a top-safety rating from NCAP and ANCAP.
For more news updates about Tesla and its other business activities, keep your tabs open here at TechTimes.
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Written by Griffin Davis
