Tesla for €25,000. The automaker plans to release new electric cars

Electric cars are less popular in Europe and the US due to their high cost. In particular, according to automotive research company JATO Dynamics, the average retail price of an electric car in Europe in the first half of 2023 was more than €65,000 compared to just over €31,000. in China.

The company of the American billionaire Elon Musk, Tesla, plans to put into production at a factory in Germany an electric car that will cost 25 thousand euros.

” Tesla plans to build a car worth 25,000 euros ($26,838) at its factory near Berlin ,” Reuters reported, citing its own sources.

Production will take place as part of the long-awaited development of electric cars, which will allow the company to mass sell its cars

At the same time, the interlocutor of the agency, who wished to remain anonymous, did not specify when exactly the production will begin.

Tesla declined to comment on this matter.

Musk has long planned to make a more affordable electric car. However, in 2022, he stated that the company had not yet mastered this technology. In September, agency sources said the automaker was nearing an innovation that would allow Tesla to pressure-mold nearly the entire underside of an electric car, a breakthrough that would speed up production and lower costs.

Entering the mass market is critical to Tesla's goal of increasing the supply of cars to 20 million by 2030.

Musk is said to have visited the plant in Grünheide, Germany, on Friday and thanked employees for their hard work.. It was during a meeting with factory workers that the businessman allegedly revealed plans to build a car there worth 25,000 euros. Tesla also said that all factory staff will receive a 4% pay rise from November, while production workers will receive an extra €2,500 a year from February 2024, equivalent to an 18% pay rise over a year and a half.

This plant currently produces the Model Y electric car, which is the best seller in Europe.