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Tesla (TSLA) Aims for $25K Car by 2023; May Not Have Steering Wheel

September 3, 2021 7:10 AM EDT

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Electrek reports Tesla (NASDAQ: TSLA) held a company-wide meeting last night where CEO Elon Musk announced to the company that they are aiming to release a new $25,000 electric vehicle by 2023. Tesla first announced the car on its Battery Day last year. Musk also hinted that the vehicle may be fully autonomous, having no steering wheel or pedals.

The $25K price point is achieved through Tesla’s new battery cell and battery manufacturing effort, which could reduce battery costs by over 50%.

In the meeting, the CEO said that Tesla is betting on full autonomy for the new car. The current software is still in Beta testing. Musk tweeted on Wednesday that a new FSD Beta V10 will roll out “midnight Friday next week”. Despite a current investigation by the National Highway Traffic Safety Administration, Musk hinted that FSD option may be available to the public by the end of the month.

“Looks promising that Beta 10.1, about 2 weeks later, will be good enough for public opt in request button” – Tesla CEO, Elon Musk.

By Michael Elkins | [email protected]



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