JAKARTA - Elon Musk announced that Tesla plans to launch a new electric car model that costs cheaper than the Tesla 3/Y model.

These talks have actually been in place for years, but due to inflation and high demand for electric cars, they ended up causing prices to rise.

The big Tesla boss has spoken about the price of next-generation electric cars that may be priced at US$25,000 (Rp390 million), and intends to release his vehicle by 2023.

"This is clearly the main focus of our new vehicle development team. At this point, we are done with engineering for Cybertrucks and for Semi," Musk said in a conference call, quoted Friday, October 21 from Electrok.

"So, this is clearly what we are working on, next-generation vehicles, which are probably about half of the model 3 and Y costs. This will be smaller," he added.

Musk also added that this new model was based on what they have learned from Tesla's vehicles that have been produced so far.

He believes that the next-generation vehicle platform Tesla will be able to produce electric cars at half the cost, workforce, and factory space needed to produce model 3.


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