Monday, 13 March 2023 06:01

Elon Musk announced the cheapest Tesla ever: "This car will make money for owners"

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Tesla CEO Elon Musk claims that the automaker's new electric model will be used predominantly in autonomous driving mode.

After Musk first announced it in 2020, Tesla is slowly developing a new electric vehicle model that should be called Model 2, and be the most affordable car from this manufacturer with a target price of around $25,000, writes N1.

"There is a clear path to making a smaller vehicle that is about half the cost of manufacturing our Model 3. That vehicle will be used almost entirely in autonomous mode." "What is a big step for Tesla is autonomy," Musk said.

He added that personal cars are now typically only used for 10-12 hours a week and said that if the vehicles were fully autonomous, they would probably be used 50-60 hours a week.

"That's five times the value of the car, and it costs the same to build the car," he added.

When talking about the Model 2 and the company's plans for autonomous driving, Musk was referring to the long-promised robo-taxi service where Tesla owners will be able to rent out their vehicles when they don't need them and thus earn extra money. Given that the Model 2 will be affordable and likely to establish itself as Tesla's best-selling model, it's safe to assume that many owners will advertise their cars on the robo-taxi service.

Of course, Elon Musk has made a number of bold claims about Tesla's self-driving capabilities over the years, so his statement should be taken with a grain of salt.

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