Elon Musk: Cheap Tesla will not come for the time being

Deepak Gupta January 27, 2022
Updated 2022/01/27 at 2:09 PM

Has over the past few years Elon Musk already promised a lot. The entrepreneur has already put many of his announcements into practice, but some are still pending. So should in the near future about a cheap Tesla from about 25,000 US dollars on the market. It is now clear that nothing will come of it anytime soon. Tesla is currently not working on such an electric car. Other things are more important for now.

Cheap Tesla: Elon Musk waves it off

The CEO of the US automotive group made official reference to the Tesla Model 2 for the first time during an all-hands meeting in September. At this point, many fans of the brand were already hoping that a cheaper Tesla could come onto the market in 2022. However, during a conference call on the occasion of the fourth quarterly report for 2021, Elon Musk apparently made it clear that this would not happen.

“We’re not currently working on a $25,000 car,” the industry magazine Roadshow quoted the Tesla founder as saying. “We have too many other things on our minds.” The fact that the company has too much to do should annoy some fans. But as far as investors are concerned, the prospects could hardly be rosier. Because the car manufacturer closes the year 2021 with unprecedented record numbers.

“Breakthrough Year”

On Wednesday, January 26, the entrepreneur proudly presented the highest profit in Tesla’s history. He spoke of 5.5 million US dollars. There was a brief pause, laughter – “5.5 billion of course.” Under the leadership of Elon Musk, Tesla managed to increase its profit by 665 percent to $5.5 billion in 2021. According to Manager magazine, Musk said 2021 was a “breakthrough year.”

“In 2021, our cumulative profitability since the company was founded became positive,” the Guardian quoted the Tesla boss as saying. “I think that makes us a real company at this point. This is a crucial milestone.”

A cheap Tesla, like other new vehicles, will not materialize because it would “decrease our overall vehicle production,” Musk explains. “We will not introduce any new vehicle models this year.”

Sources: Roadshow by CNET; manager magazine; The Guardians

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