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A Cheaper Tesla Model Is Coming in 2025 as Chinese Competition Intensifies
Feb 2, 2024
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.
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Quick takeaways
- 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.
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