A Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies
Feb 2, 2024
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Tesla plans to release a low-cost model in 2025 to compete with Chinese automakers. The new model aims to be the cheapest EV on the US market. The podcast also mentions Chinese competition in the EV market and an investigation into General Motors' self-driving subsidiary.
Tesla plans to release a cheaper model of their electric vehicle in 2025 to compete with Chinese automakers.
Cruz's failure to disclose details about a San Francisco crash highlights the need for transparency in the autonomous vehicle industry.
Deep dives
Cheaper Tesla model coming in 2025
Elon Musk announced that Tesla plans to release a cheaper model of their electric vehicle in 2025. This entry-level EV could potentially be priced at $25,000, making it the most affordable electric vehicle in the US market. The move is seen as a strategic response to the increasing competition from Chinese EV manufacturers. Lowering the cost of EVs is crucial to encourage wider adoption and remain competitive in the global EV market.
Cruz's failure to disclose details leads to license suspension
General Motors' self-driving subsidiary Cruz failed to fully disclose details about a gruesome San Francisco crash to regulators, leading to the suspension of their license to operate driverless vehicles in the city. After striking a pedestrian, the autonomous car dragged the victim for 20 feet, but this information was not immediately shared with California's Department of Motor Vehicles. A law firm's investigation found poor leadership, lack of coordination, and a failure to understand accountability and transparency as some of the reasons behind Cruz's failings. To restore public trust, decisive steps must be taken by Cruz.
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A Cheaper Tesla Model Coming in 2025 as Chinese Competition Intensifies
A low-cost model of Tesla will launch in 2025, CEO Elon Musk told investors. It could help the EV maker compete with BYD and other surging Chinese automakers. Thanks for listening to WIRED. Talk to you next time for more stories from WIRED.com and read this story here.